An expected increase in the future price of automobiles will lead to
A. a movement down the demand schedule for automobiles.
B. a reduction in the demand for gasoline today.
C. no predictable impact on today's demand for automobiles.
D. an outward shift in demand for automobiles today.
Answer: D
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Income inequalities are greatest in
A. Developed countries such as Japan. B. Poor countries such as Namibia. C. Countries with high levels of GDP. D. Rich countries such as the United States.
If the price level changes from PL2 to PL1, what happens to the quantity of real GDP demanded?
a. It decreases from RGDP2 to RGDP1.
b. It increases from RGDP1 to RGDP2.
c. It decreases from RGDP1 to RGDP2.
d. It increases from RGDP2 to RGDP1.
International specialization and trade:
A. Has to be done on a barter system B. Often requires the exchange of currencies C. Does not illustrate the division of labor D. Requires active government regulation
A consulting firm estimates the following quarterly sales forecasting model:Qt = a + bt +cDThe equation is estimated using quarterly data from 2005 I - 2015 III (t = 1,..., 43). The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are: 
Using the estimated trend line above, what is the predicted level of sales in 2015 IV ?
A. 104.34 B. 106.20 C. 102.2 D. 110.06 E. none of the above