Colorado experiences a record snowfall during the winter season. What impact will this have on the market for snowmobiles?
a. The supply of snowmobiles will increase and the price of snowmobiles will fall.
b. The demand curve for snowmobiles will decrease and the price of snowmobiles will fall.
c. The supply of snowmobiles will increase and the price of snowmobiles will increase.
d. The demand curve for snowmobiles will increase and the price of snowmobiles will rise.
d. The demand curve for snowmobiles will increase and the price of snowmobiles will rise.
Economics
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When bond prices rise,
a. stock prices must fall. b. interest rates must fall. c. interest rates must rise. d. bankruptcies generally increase.
Economics
Which term is used to describe equilibrium at a level of output above potential GDP?
a. Recessionary gap b. Inflationary gap c. Deflationary gap d. Keynesian gap
Economics