In face of a negative supply shock, the Fed may avoid a rise in unemployment only if it is willing to increase the rate of inflation

Which of the following determines how much money an individual will decide to hold?

a. Investment spending b. Income taxes c. The price level d. The supply of money e. Real GDP

Two products that serve similar purposes for a consumer would be referred to as

a. substitutes. b. complements. c. inferior goods. d. unrelated goods.