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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 140 times)

Beheh

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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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Answer to Question 1

c

Answer to Question 2

b




Beheh

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  • Posts: 520
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


emsimon14

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Reply 3 on: Yesterday
Gracias!

 

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