Monetarists maintain that the increase in the money supply can explain the inflation of the 1970s and 1980s when one considers the bonds purchased by the Fed to finance the federal deficits of the period

Which of the following pairs of goods is likely to be considered complements?

A) Nokia and Samsung cell phones B) Laptops and electric heaters C) Motorcycles and typewriters D) Pens and writing pads

The higher the bid in a first-price sealed-bid auction, the ________ the chances of winning and the ________ the surplus earned

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