O-O-O-O'Reillys Auto Parts
A small product within a vehicle that performs a distinct task
What is a microchip?
Elon Musk's net worth
What is over $200billion?
The reason for the shortage of microchips in the US
What is Covid-19?
The effect the shortage of microchips has on the price level
What is an increase?
The reason the SRAC curve is upward sloping
What is sticky wages?
One function a microchip can proform within a vehicle
What is (variety of answers)
Elon Musk's owns this percentage of all Tesla stock
What is 23%
There are over ___ microchips in a single vehicle
What is 100?
Which direction does the SRAS curve of automobiles shift as a result of a chip shortage
What is left?
A standardized input bought and sold in bulk quantities
What is a commodity?
What is 20th?
The current value of a single Tesla stock (roughly)
What is $1000?
In 2020 roughly ___ billion microchips were made
What is 900 billion?
The affect on the RGDP of a shortage of microchips
What is a decrease?
What is the wealth effect?
Microchips are can be bought and sold in bulk quantities. Micro chips are
What is a commodity
The way Tesla combatted the microchip shortage
What is building vehicles and adding missing pieces later?
The amount of global revenue lost due to the microchip shortage was roughly ___ billion
What is 210 billion?
The way the LRAS curve changes due to the shortage of microchips
What is no change?
One reason for a shift in the SRAS curve
What is change in expected inflation, commodity prices, nominal wages, productivity?
The most microchips are used in what type of cars
What is electric?
A company other than Tesla founded or co-founded by Elon Musk
What is Space X, The Boring Company, PayPal, Zip2
One producer of microchips in the US.
What is Renesas, NXP, Infineon, ON Semiconductor, STMicroelectronics, Nvidia, Intel, Samsung... etc.?
One solution many chief executives of automobile companies posed to combat the issue of microchip shortages in the future
What is producing their own chips in house
The economy is producing above its potential output
What is an inflationary gap?