If the cross-price elasticity of demand between blueberries and yogurt is negative, then the two goods are:
A. normal goods.
B. inferior goods.
C. substitutes.
D. complements.
Answer: D
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In the futures market, the difference between the price of the futures and the underlying asset is eliminated by
A) speculators. B) hedgers. C) arbitrageurs. D) longs.
In the short run, as output rises above potential ________
A) inflation will fall from its current level which explains the upward-sloping nature of the Phillips curve B) inflation will rise from its current level which explains the upward-sloping nature of the aggregate supply curve C) unemployment will rise above the natural rate which explains the upward-sloping nature of both the Phillips curve and the AS curve D) all of the above E) none of the above
Between the 1880s and 1920, women composed roughly ____ of the workforce
a. 1–2% b. 5–10% c. 15–20% d. 30–40%
Wealth:
A. is a flow concept. B. refers to accumulated financial assets only. C. refers to accumulated real assets only. D. refers to accumulated financial and real assets.