Need help with my last two questions please!
Following the unexpected good performance of Leathex, all its employees were given a one-time bonus. This consequently led to a rightward shift of the demand curve for shoes manufactured by the company and a leftward shift of the demand curve for socks. This shows that shoes are:?
- ?normal goods.
- ?inferior goods.
- ?substitutes.
- ?complementary goods.
If the price level in an economy is 120 and the equilibrium price level is 100, _____.?
- ?the demand for money curve will shift to the left
- ?the supply of money is likely to exceed the demand for money
- ?people will want to hold more money than is supplied by the central bank
- ?the purchasing power of money will increase