If people like their goods in fixed proportions, the two goods are
a. perfect substitutes
b. perfect complements
c. complements (but not perfect)
d. substitutes (but not perfect)
b
Economics
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The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the
a. U.S. Steel case b. Brown Shoe case c. Von's Grocery case d. ALCOA case e. Pabst Brewing case
Economics
Contractionary fiscal policy:
What will be an ideal response?
Economics
Even stable and predictable inflation can cause which of the following?
a. shoe leather b. menu cost c. tax distortions d. All of the above
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.
Economics