A recession occurs and people's incomes decrease. Knowing that an iPad is a normal good, you predict that the demand for an iPad
A) increases.
B) decreases.
C) might increase or decrease.
D) remains unchanged.
B
Economics
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Explain how and why economic events in the U.S. affected the economies of Thailand, South Korea, and Indonesia and vice-versa
Economics
If you wanted to compare the quantity of output of a country across time periods, which of the following would you use?
a. the consumer price index b. nominal GDP c. the GDP deflator d. real GDP
Economics