If an increase in the price of good X causes the demand for good Y to decrease, this indicates that
a. X and Y are complements.
b. X and Y are substitutes.
c. X and Y are unrelated.
d. the demand for X is elastic, but the demand for Y is inelastic.
A
Economics
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When real GDP exceeds aggregate planned expenditure
A) an unplanned increase in inventories occurs. B) real GDP remains at its equilibrium. C) real GDP increases. D) firms increase production. E) an unplanned decrease in inventories occurs.
Economics
According to the story, if __________ in the software and related services sector increases by $15 billion, real GDP will increase by __________
a) investment; $30 billion b) consumption; $30 billion c) consumption; $2 billion d) investment; $2 billion
Economics