Assume mortgages and houses are complements in consumption; if the price of mortgages decreases (decreases in interest rates), we would expect to see
a. An increase in demand for houses
b. An decrease in demand for houses
c. An increase in the quantity of houses demanded
d. An decrease in the quantity of houses demanded
a
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Little Dicky Lemons operates a lemonade stand. Yesterday he sold 10 cups when he charged $1.00 per cu
A) .50 B) 1.0 C) 2.0 D) 4.0 E) 8.0
Temporary Assistance to Needy Families is a government program with the goal of:
A. redistribution. B. economic growth. C. social insurance. D. None of these is true.
Where does most of personal income come from?
a. Personal Interest b. Transfer Payments c. Proprietor's Income d. Wages and Salaries
The aggregate supply curve in the short run is vertical in __________ version of the AD-AS framework
A) the simple quantity theory of money B) the monetarist C) both the simple quantity theory of money and the monetarist D) neither the simple quantity theory of money nor the monetarist