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Author Question: When people's incomes increase, the demand for a good increases. The good is called A) an ... (Read 27 times)

lb_gilbert

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on: Jun 29, 2018
When people's incomes increase, the demand for a good increases. The good is called
 
  A) an inferior good.
  B) a complement.
  C) a substitute.
  D) a normal good.

Question 2

In 2007, Singapore's government ran a budget surplus of 4.5 billion. The budget surplus ________ loanable funds and ________ the real interest rate.
 
  A) increased the supply of; lowered
  B) decreased the demand for; lowered
  C) increased the supply of; raised
  D) increased the demand for; raised


jessicaduplan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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