If the price of gasoline increases and car dealers experience a decrease in demand for sport utility vehicles, then gasoline and sport utility vehicles are:
a. Substitutes
b. Complements
c. Inferior goods
d. Unrelated goods
b. Complements
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If the source of economic instability is generally variations in spending, then the Fed should
A) buy gold. B) raise taxes. C) set money supply targets. D) print more money.
What are some distinctions between light industry and heavy industry? Why do economies tend to start with light, and move to heavy industries?
What will be an ideal response?
How will the market demand curve for a public good differ from the market demand curve for a private good?
Please provide the best answer for the statement.
All of the following take place in the direct finance market except
A) ownership in corporations is sold in the form of common stock. B) deposits from savers are accumulated and loans made to borrowers. C) ownership in corporations is sold in the form of preferred stock. D) corporate bonds are sold to savers.