Using current services budgeting,
A. an increase in spending is spending greater than that needed to keep up with inflation.
B. an increase in spending is spending greater than that needed to provide an unchanged level of services.
C. an increase in spending is spending greater than last year's spending.
D. all budgets revert to zero at the beginning of each fiscal year.
Answer: B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
If the government ________ taxes to pay for spending on infrastructure, the result will most likely be a(n) ________ in capital deepening
A) decreases; increase B) increases; increase C) increases; decrease D) eliminates; elimination
The marginal cost curve is U-shaped. Over the range of output for which the marginal cost is falling as output increases, the marginal product is
A) increasing. B) decreasing. C) constant. D) probably changing, but there is no stable relationship between the marginal cost and the marginal product. E) not defined.
A wholesale flower market is an example of ________
A) perfect competition B) monopolistic competition C) monopoly D) oligopoly