An increase in the quantity of hybrid cars supplied would be caused by which of the following?
A. An increase in the demand for hybrid cars
B. A decrease in the demand for hybrid cars
C. Higher prices of car batteries
D. Lower prices for gasoline
Answer: A
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If the expenditure schedule lies above the level of potential GDP, then there is a(n)
a. recessionary gap. b. precautionary gap. c. deflationary gap. d. inflationary gap.
Most collective bargaining situations lead to strikes.
Answer the following statement true (T) or false (F)
Existing employees prefer:
A. negative elastic supplies of labor. B. elastic supplies of labor. C. unit-elastic supplies of labor. D. inelastic supplies of labor.
All else remaining equal, if the amount of checkable deposits increase, this will increase the size of:
a) only M1. b) only M2. c) M1 and M2. d) neither M1 nor M2.