If the price of potato chips increases, other things constant, demand for potato-chip dip will
a. not change; only quantity demanded will change
b. increase because the goods are substitutes
c. decrease because the goods are substitutes
d. decrease because the goods are complements
e. increase because the goods are complements
D
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Which of these economic variables is countercyclical?
A) investment spending B) unemployment C) demand for foreign products D) all of the above E) none of the above
The restricted opportunity cause of poverty is due to government destroying incentives
Indicate whether the statement is true or false
The three branches of the Federal Reserve System include each of the following, except:
A. the Federal Open Market Committee. B. the twelve regional Federal Reserve Banks. C. the Board of Governors. D. the Federal Deposit Insurance Corporation.
The short-run aggregate supply curve would shift and the long-run aggregate supply curve would remain fixed if
A. bad weather that affects transportation for two days. B. tough new environmental laws were passed. C. there was an increase in immigration. D. the retirement age increased by two years.