When the increase in the price of one good causes the demand for another good to decrease, the goods are
A. inferior.
B. substitutes.
C. complements.
D. normal.
Answer: C
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The time span between the beginning of a downturn and the time by which hard data to indicate a downturn is made available is called:
a. the signal lag b. the implementation lag. c. the impact lag. d. the recognition lag.
In general, the higher a person's education level,
a. the higher the person's earnings. b. the more physically attractive the person is likely to be. c. the more socially outgoing the person is likely to be. d. All of the above are correct.
Whenever actual reserves exceed required reserves, the bank
What will be an ideal response?
Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. If the Custom Sweater Shop is monopolistically competitive, what is the minimum level of fixed cost that would lead to the firm continuing to operate in the short run?
A. $400 B. $4,600 C. $5,000 D. The firm would continue to operate regardless of the level of fixed costs.