If an increase in the price of Good A causes an increase in the demand for Good B, Goods A and B are said to be complements
a. True
b. False
Indicate whether the statement is true or false
False
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Who was the effectively in charge of the Fed during the early 1930s?
A) Secretary of Treasury B) Head of the Federal Reserve bank of New York C) Comptroller of the Currency D) no one
The law of supply states that, other things equal, when the price of a good falls, the quantity supplied falls as well
a. True b. False Indicate whether the statement is true or false
In the long run, when marginal cost is above average total cost, the average total cost curve exhibits
a. economies of scale. b. diseconomies of scale. c. constant returns to scale. d. efficient scale.
Ceteris paribus, if income was transferred from individuals with a low MPC to those with a high MPC, aggregate demand would
A. Stay the same. B. Decrease. C. Increase. D. Increase or decrease, but not because of the MPC.