If Jackie needs special film to go with her new camera, then for her these two goods have what type of relationship?

a. Substitute.
b. Complementary.
c. Nonlinked.
d. Reversed.
e. Insensitive.


b

Economics

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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.  

A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary

Economics

In a small open economy, an increase in government spending, while taxes remain the same, will be accompanied by

A) a decrease in private investment and an increase in privates saving. B) an increase in private investment and a decrease in private savings. C) a decrease in national savings and an increase in foreign borrowing. D) an increase in national savings and a decrease in foreign borrowing.

Economics

By 2011, how much had U.S. housing prices declined from their peak in 2006?

A) 2 percent B) 33 percent C) 40 percent D) 50 percent

Economics

John loves to travel. He would never turn down the opportunity to go on a trip. This means that, for John:

a. the total utility of travel always increases. b. marginal utility of travel never decreases. c. the law of diminishing marginal utility does not apply to travel. d. marginal utility of travel is always zero. e. extra travel yields zero consumer surplus.

Economics