Assuming steak and potatoes are complements, other things being equal, an increase in the price of steak, will:

Firms in Thailand that had borrowed dollars while the baht was pegged to the dollar faced interest payments that were ________ than they had planned while the Thai government continued trying to defend the peg, because the baht had been pegged ________ the equilibrium exchange rate for the baht.

A) higher; above B) higher; below C) lower; above D) lower; below

In the Classical model, the aggregate supply curve determines the

A) price level. B) inflation rate. C) level of output. D) money supply.