In the early 2000s, lenders began issuing mortgage loans to people who would normally not be qualified to take out loans because they did not meet lending standards. Those borrowers are known as

Electric car manufacturers want to sell more electric cars at a higher price. Which of the following events would have this effect?

A) an increase in the price of gasoline. B) technological advancement in the production of electric car batteries. C) an increase in the number of manufacturers of electric cars. D) a decrease in the price of lithium, which is used in the electric car batteries.

The four phases of the business cycle are

A. expansion, peak, recession, trough B. prosperity, recession, depression, recovery C. inflation, recession, stagflation, expansion D. consumption, investment, government purchases, and net exports