Net exports equal imports minus exports
a. True
b. False
Indicate whether the statement is true or false
False
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Banks create money when they
A. add to their reserves in the Federal Reserve Bank. B. accept deposits of cash. C. sell government bonds. D. exchange demand deposits for loans to businesses and individuals.
A(n) ________ comes to an end with a business cycle ________
A) expansion; bubble B) expansion; trough C) recession; peak D) recession; trough
If consumer tastes for electric cars increase over the next 10 years, we will see an increase in the demand for electric cars, higher electric car prices, and an increase in the equilibrium quantity of electric cars.
a. true b. false
Which of the following examples is the only scenario that maximizes profits?
a. Cheap Energy stays at q1.
b. Cheap Energy moves from q1 to q*.
c. Cheap Energy moves from q1 to q2.
d. Cheap Energy stays at q2.