If two goods are considered complements and the price of one decreases then the other good's
A. supply curve will shift to the left.
B. supply curve will shift to the right.
C. demand curve will shift to the left.
D. demand curve will shift to the right.
Answer: D
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According to the quantity theory of money, what is the effect of an increase in the quantity of money?
What will be an ideal response?
In the short run the firm has at least one fixed input.
Answer the following statement true (T) or false (F)
If Greece chose to abandon the euro and the Greek government decided to exchange euro bank deposits for drachmas, the affected bank depositors would experience gains if the
A) euro then appreciated. B) euro then depreciated. C) drachma then appreciated. D) drachma then depreciated.
Short-run cost functions are estimated using
A) time-series regression analysis. B) cross-sectional regression analysis. C) nominal cost data. D) present value cost data.