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question 59

Short Answer

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Definitions:

CDs

Certificates of Deposit, a financial product offered by banks that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period.

Price Increase

A rise in the cost of goods or services.

Complements

Goods, such as Pepsi and pizza, that relate in such a way that an increase in the price of one shifts the demand for the other leftward.

Milk

A nutritious liquid produced by mammals, primarily used as a food product for humans.