As cities prospered and per-capita incomes increased, the demand for bus travel diminished. This suggests that:
a. cities could raise revenue by increasing bus fares.
b. the demand for bus travel is price elastic.
c. bus travel and automobile travel are complements.
d. bus travel is an inferior good.
d
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Which one of the following is TRUE about the effects of fiscal policy?
A) A decrease in government spending will decrease aggregate demand. B) A tax change does not have any direct or indirect effects on aggregate demand. C) A decrease government spending will increase aggregate supply. D) An increase in government spending will reduce aggregate demand.
Some sources of air pollution may tend to cause global cooling
Indicate whether the statement is true or false
Explain the three growth-creating properties of innovation.
What will be an ideal response?
According to the equation of exchange, if M = $400, P = 8, and Y = $200, then V equals
A. 40. B. 32. C. 4. D. 16.