Refer to the graphs shown. Assume the graph reflects demand in the automobile market. Which arrow best captures the impact of increased gasoline prices on the automobile market?
A. A
B. B
C. C
D. D
Answer: C
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Rent controls can result in
a. deteriorating or abandoned buildings b. strong incentives to oust protected tenants c. payments to motivate tenants to move out d. benefits to rich people who get a windfall from low rents e. All of the answers are correct.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.
The Federal Reserve District Banks are owned by their ___________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is the primary requirement for a market to be competitive?
a. Low barriers to entry and relatively easy exit b. A downward-sloping demand curve c. High barriers to entry d. A horizontal demand curve