If the price of a good ____________, the demand for its complements will __________
A) rises; fall
B) falls; rise
C) falls; fall
D) rises; rise
E) a and b
E
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Applying neoclassical theory to the housing market, the idea that "housing is a good investment" refers to ________
A) higher expected household income B) the inability to buy as much housing at a higher price C) an expected increase in the relative price of housing D) a decrease in the cost of building new houses
Fiscal policy cannot be used to move the economy along the short-run Phillips curve
a. True b. False Indicate whether the statement is true or false
Within corporations, there are ________ systems that motivate individuals and teams to make the most efficient decisions on products sales.
A. automatic administrative B. no automatic administrative C. no automatic market-driven D. automatic market-driven
Which of these explain why growth is an important economic goal?