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
Answer: B
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Which of the following is NOT considered to be a goal of monetary policy?
A) fair wages B) high employment C) economic growth D) price stability
The two sources that contribute roughly 80 percent together of total tax revenues are:
A. personal income tax and payroll tax. B. personal income tax and corporate income tax. C. corporate income tax and payroll tax. D. personal income tax and excise tax.
Autonomous consumption is NOT influenced by
A. Aggregate household wealth. B. Expectations of future income and wealth. C. Aggregate household debt. D. Disposable income.
If full employment GDP is $1 trillion greater than the equilibrium GDP and the multiplier is 5, how much is the deflationary gap?
What will be an ideal response?