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Author Question: A positive income elasticity of demand for a good a. means it is a substitute. b. means it is a ... (Read 158 times)

Beheh

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on: Jun 30, 2018
A positive income elasticity of demand for a good
 a. means it is a substitute.
 b. means it is a complement.
  c. it is a normal good.
 d. it is an inferior good.

Question 2

Monetary policy designed to offset an inflationary gap would:
 a. Increase interest rates and increase aggregate demand.
  b. Increase interest rates and decrease aggregate demand.
  c. Decrease interest rates and increase aggregate demand
  d. Decrease interest rates and decrease aggregate demand.


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kjohnson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Beheh

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  • Posts: 520
Reply 2 on: Jun 30, 2018
Excellent

mochi09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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