A factory recently added new robots to its production line, increasing productivity. This will likely cause a:
A. rightward shift of the supply curve.
B. leftward shift of the supply curve.
C. shift downward of the supply curve.
D. movement up along the supply curve.
A. rightward shift of the supply curve.
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This chapter talked about the idea of independent events
a. Suppose you draw a card from a standard deck of cards, put that card back in the deck, and draw a second card. Are the events "Draw a diamond the first time" and "Draw a diamond the second time" independent events? b. Suppose you draw a card from a standard deck of cards, you do notput that card back in the deck, and draw a second card. Are the events "Draw a diamond the first time" and "Draw a diamond the second time" independent events?
In 1975, New York City increased regulated taxi fares by 17.5 percent and expected taxi revenue to increase a like amount. The taxi commission believed taxi demand was
A. unit elastic. B. inelastic. C. elastic. D. perfectly inelastic.
Which of the following is an example of an expansionary monetary policy?
What will be an ideal response?
What is the total demand for goods and services in an entire economy called?
A. supply and demand B. aggregate demand C. consumer demand D. GDP demand