If prices rise and income stays the same, what is the effect on demand?
(A) More is bought of some goods and less of others.
(B) More goods are bought.
(C) Demand stays the same.
(D) Fewer goods are bought.
Ans: (D) Fewer goods are bought.
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A) franchise; franchise B) copyright; copyright C) government license; government license D) patent; patent
The Fed is often considered the bankers' bank because it
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