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
Answer: B
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Technological change is the key to sustaining economic growth
Indicate whether the statement is true or false
Which of the following is not a factor in the equation of exchange?
A) Money velocity B) Money supply C) The price level D) Nominal income
Suppose there was a debate regarding intelligence budgets and the Democrat was arguing for a budget increase from $40 billion to $41 billion and the Republican was arguing for the budget to increase to $45 billion. Further, suppose intelligence salaries and procurement of the same spy systems are project to rise 5%. The Republican accuses the Democrat of proposing a cut to intelligence gathering which, the Democrat insists his plan increases that spending. What is going on here?
A. The Republican is cutting only if you use baseline budgeting. B. Both are proposing cuts. They are both lying, regardless of budgeting technique. C. The Democrat is cutting only if you use current services budgeting. D. Both are proposing increases. The Republican is lying, regardless of budgeting technique.
Refer to the information provided in Figure 4.5 below to answer the question(s) that follow.
Figure 4.5Refer to Figure 4.5. If a $10.00 per CD-Rom drive tariff is levied on imported CD-Rom drives, the United States will
A. import 3 million CD-Rom drives. B. import 6 million CD-Rom drives. C. import 9 million CD-Rom drives. D. import 12 million CD-Rom drives.