The decisions General Motors makes in determining production levels for its Chevy Volt is an example of a microeconomics topic

Cross-price elasticity of demand is calculated as the

A) percentage change in quantity sold divided by percentage change in buyers' incomes. B) percentage change in quantity supplied divided by percentage change in price of a good. C) percentage change in quantity demanded of one good divided by percentage change in price of a different good. D) percentage change in quantity demanded divided by percentage change in price of a good.

Suppose the government purposely changes the economy's cyclically adjusted budget from a deficit of 0 percent of real GDP to a deficit of 3 percent of real GDP. The government is engaging in a(n):

A. expansionary fiscal policy. B. contractionary fiscal policy. C. neutral fiscal policy. D. low-interest-rate policy.