If smartwatches are considered substitutes for smartphones, then the decline in the price of smartwatches would, all else equal
A) increase the demand for smartphones.
B) decrease the quantity of smartphones demanded.
C) decrease the demand for smartphones.
D) increase the quantity of smartphones demanded.
C
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Which system of interest rates is theoretically worst for policy coordination among the industrial countries of the world? How has this played out since the 1980s?
What will be an ideal response?
Which of the following is true of basic research? a. Basic research is the search for knowledge that does not aim at answering a specific question
b. Basic research is research that is not complex since it addresses elementary questions. c. Basic research is research that seeks to apply scientific discoveries to the development of specific products. d. Basic research is the search for knowledge to solve a particular problem. e. Basic research is always funded by the central government of a country.
The notion that the value of money is determined by the overall quantity of money in existence is known as the:
A. quantity theory of money. B. money quantity theory. C. price level theory. D. level theory of prices.
the value of final output produced in a given period measured in current prices
What will be an ideal response?