A line is parallel to the horizontal axis. The slope of the line is
A) infinite.
B) indicative of an inverse relationship between two variables.
C) indicative of a direct relationship between two variables.
D) zero.
E) b and d
D
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Suppose the market supply curve is p = 5 + Q. At a price of 10, producer surplus equals
A) 50. B) 25. C) 12.50. D) 10.
A common feature of regulated industries is cross-subsidization, which is a situation when one group of customers pays prices above costs while another group of customers pays prices below costs. The one group is subsidizing the other group
Is this practice more consistent with the capture hypothesis or the share-the-gains, share-the-pains theory? Explain.
Personal consumption expenditures are the largest component of GDP
a. True b. False Indicate whether the statement is true or false