In April, market analysts predict that the price of titanium will fall in May. What happens in the titanium market in April, holding everything else constant?
A) The demand curve shifts to the right.
B) The supply curve shifts to the left.
C) The quantity demanded and the quantity supplied increase.
D) The supply curve shifts to the right.
D
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If policy makers decide to decrease the inflation rate very slowly, it is referred to as ______.
a. indexing b. going cold turkey c. de-escalation d. gradualism
If the quantity demanded of a good falls by 2% when income falls by 10%, the good's demand elasticity is:
A. 0.2. B. 5. C. 1. D. 0.5.
What is the definition of the output gap?
What will be an ideal response?
Policies that restrict supply could generate an increase in social welfare because the increase in producer surplus could exceed the decrease in consumer surplus
Indicate whether the statement is true or false