5. If the economy goes into a recession and incomes fall, what happens in the markets for...

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5. If the economy goes into a recession and incomes fall, what happens in the markets for inferior goods?

a. prices and quantities both rise

b. prices and quantities both fall

c. prices rise, quantities fall

d. prices fall, quantities rise

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:02 AM

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5. If the economy goes into a recession and incomes fall, what happens in the markets for...

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Principles Of Macroeconomics

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