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Author Question: Medical authorities announced in the late 1980s that an acne medicine named Retin-A also had ... (Read 64 times)

Pineapplelove6

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on: Jun 30, 2018
Medical authorities announced in the late 1980s that an acne medicine named Retin-A also had previously unknown wrinkle-reducing properties. An economist would expect to find that, after this announcement, the price of Retin-A ____ and the quantity sold ____.
 a. rose; fell
 b. rose; rose
  c. fell; fell
 d. fell; rose

Question 2

If there is initially a federal budget deficit, and taxes fall while transfer payments rise:
 a. there is an indeterminate effect on both AD and the budget deficit.
  b. AD increases and the budget deficit increases.
 c. AD increases and the budget deficit decreases.
 d. AD decreases and the budget deficit increases.


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kkenney

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

b

Answer to Question 2

b


Pineapplelove6

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

coreycathey

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Reply 3 on: Yesterday
Excellent

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