Labor saving nonneutral technical progress allows a firm to
A) produce more output with the same inputs.
B) use less labor and the same amount of other inputs to produce the same level of output.
C) use more labor to produce the same level of output.
D) use less labor and more of other inputs to produce the same level of output.
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
Which of the following is true under monopoly?
a. Price is equal to marginal revenue. b. Price is equal to marginal cost. c. Price is less than marginal revenue. d. Price is less than marginal cost. e. Price is greater than marginal revenue.
Using Figure 2 below, suppose that the economy started at PAE2. A potential change that could cause the economy to go from PAE2 to PAE1 might be:
A. wealth level increases.
B. interest rates increase.
C. taxes decrease.
D. domestic income decreases.
Most innovations in the economy come from
a. many different industries in a few countries. b. a few industries in many different countries. c. many different industries in many different countries. d. a few industries in a few countries. e. a few industries in the United States.