Which of these pairs of concepts can be positively, as well as negatively, related?
A. The income of consumers and the demand for a product
B. The price of a product and the quantity of that product demanded
C. The price of a product and the demand for a complementary product
D. The cost of resources required to make a product and its supply
A. The income of consumers and the demand for a product
Economics
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The circular flow of economic activity is a model of the:
a. flow of goods, resources, payments, and expenditures between the sectors of the economy. b. influence of government on business behavior. c. influence of business on consumers. d. role of unions and government in the economy.
Economics
Explain why the timing of fiscal policy may be more difficult than the timing of monetary policy
What will be an ideal response?
Economics