« previous next »

Author Question: What happens to the demand for Xbox games if the price of an Xbox falls? A) The demand for Xboxes ... (Read 171 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
What happens to the demand for Xbox games if the price of an Xbox falls?
 
  A) The demand for Xboxes decreases because the price of a substitute falls.
  B) The demand for Xboxes increases because the price of a complement falls.
  C) The demand for Xboxes decreases because the price of a complement falls.
  D) The demand for Xboxes remains unchanged.

Question 2

The Ricardo-Barro effect holds that
 
  A) equal increases in taxes and government expenditures have no effect on equilibrium real GDP.
  B) government budget deficits have no effect on the real interest rate.
  C) a government budget deficit crowds out private investment.
  D) a government budget deficit induces a decrease in saving that magnifies the crowding out effect.


Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

J. M. W. Turner, The Upper Falls of the Reichenbach. J. M. W. Turner, The Upper Falls of the Reichenbach.
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
The original Supply and Demand graph The original Supply and Demand graph
Video: Hierarchical Sequencing Method - Sequence Tagged Sites

For a complete list of videos, visit our video library