Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary
B. B; no output
C. B; expansionary
D. A; a recessionary
Answer: A
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Sandra has been working as a software engineer for five years and Jack has been working as a software engineer for two years. Which of the following statements is true of Sandra and Jack?
A) Sandra is likely to earn lower wages than Jack. B) Sandra is likely to earn the same wage as Jack. C) Sandra is likely to be more productive at work than Jack. D) Sandra is likely to be equally productivity at work as Jack.
In economic terminology, what is the meaning of investment?
What will be an ideal response?
What are liabilities?
A) anything of value owned by a person or a business B) only those unpaid expenses for which a business or person is making interest payments C) the total cost of labor for a firm D) anything a person or a business owes to entities outside the business
What is Wendy’s opportunity cost of producing a pound of food?
a. 1/2 yard of cloth
b. 1 yard of cloth
c. 1-1/2 yards of cloth
d. 2 yards of cloth