The aggregate-demand curve shows the
a. quantity of labor and other inputs that firms want to buy at each price level.
b. quantity of labor and other inputs that firms want to buy at each inflation rate.
c. quantity of domestically produced goods and services that households want to buy at each price level.
d. quantity of domestically produced goods and services that households, firms, the government, and customers abroad want to buy at each price level.
d
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When your professor asks a question that everyone in the class knows the answer to, yet no one raises his or her hand to answer the question, this is an example of what economists call
A) flying under the radar. B) shirking responsibility. C) the volunteer's dilemma. D) a game of chicken.
The central bank of the United States is the:
a. Federal Reserve Banking System. b. First National Bank. c. Comptroller's Bank. d. United States National Bank. e. U.S. Treasury Bank.
The long-run Phillips curve is a horizontal line at the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
Assume James purchases only two goods, steak and chicken, with his weekly income of $60. The price of steak is $10 and the price of chicken is $5. The following table shows the marginal utility James gets from each additional pound of steak and chicken: 
Given the above information, what quantities of steak and chicken should James purchase to maximize his utility?
A. 4 steak, 4 chicken B. 2 steak, 5 chicken C. 3 steak, 2 chicken D. 5 steak, 2 chicken E. none of the above