Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. After firms can respond to the payroll tax, the workers will take home a per-hour wage of
A. $12.
B. $10.
C. $7.
D. $5.
Answer: D
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Taking some types of spending "off budget" means
A) eliminating that spending. B) financing the spending by special one-time taxes. C) borrowing to finance it instead of using tax revenue. D) not counting that spending as part of the official budget.
If the demand for good A is more elastic than the demand for good B, a small decrease in supply in both markets will cause
a. a much greater increase in price for good A than for good B b. a much greater increase in price for good B than for good A c. the price will increase by the same amount in both markets d. only the price of good B will increase e. only the price of good A will increase
The short-run aggregate supply curve is upward-sloping, while the long-run aggregate supply curve tends to be vertical.
Answer the following statement true (T) or false (F)
Deciding to invest in capital is a short-run decision.
Answer the following statement true (T) or false (F)