Referring to the previous question, as a result of the consumer's adjustment to the change in the price of Y, assuming Y is a normal good and X and Y are complements, it is reasonable to expect that the amount of Y consumed will ________, and the
amount of X consumed will ________: A) increase; decrease
B) decrease; decrease
C) increase; increase
D) cannot be determined; cannot be determined
C
Economics
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Refer to Figure 3.2. If Wilma plays North and Betty plays East, what is Betty's payout?
A) 12 B) 15 C) 16 D) 21
Economics
Suppose the marginal propensity to consume is 0.75. A $150 billion increase in government spending shifts the IS curve
A) to the right by $50 billion. B) to the left by $50 billion. C) to the left by $600 billion. D) to the right by $600 billion.
Economics