The value of money varies
A. inversely with the average price level.
B. directly with the volume of employment.
C. directly with the average price level.
D. directly with the interest rate.
A. inversely with the average price level.
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Suppose goods A and B are complements. If the price of good A increases, will the demand for good B increase or decrease?
How have companies like Uber and Lyft affected the ride-sharing market?
A. Price and quantity of the rides have decreased. B. Price of the rides increased, and the quantity of rides have decreased. C. Price and quantity of the rides have increased. D. Price of the rides decreased, and the quantity of rides have increased.
Recall the Application about the policies used by the European Union to support the agricultural sectors of is member countries to answer the following question(s). According to this Application, the policies used by the European Union to support the agricultural sectors of its member countries created excess supply. Excess supply can be generated if a government establishes a:
A. price ceiling below the market equilibrium price. B. price ceiling above the market equilibrium price. C. price floor below the market equilibrium price. D. price floor above the market equilibrium price.
An increase in demand for laptop computers would likely be caused by
A. an increase in the price of laptop computers. B. an increase in the price of a complementary good. C. a decrease in the price of laptop computers. D. an increase in the price of a substitute good.