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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When the price of tablets goes up and fewer tablets are purchased, this is representative of the
A) law of demand. B) law of supply. C) law of market operations. D) law of increasing costs.
Which of the following supply shocks would shift the aggregate supply curve inward?
a. A decrease in business taxes b. A decrease in gasoline taxes c. A decrease in the cost of raw materials d. A decrease in agricultural output e. A decrease in the amount and cost of government regulation
A ________ gives the holder the right (but not the obligation) to sell a foreign currency at some time in the future at a price set today.
A. put option B. forward exchange contract C. currency swap D. call option
If the total cost incurred in hiring ten workers by a firm is $45, and the total cost incurred when the eleventh worker is hired is $60, the marginal cost of hiring the eleventh worker is:
A) $20. B) $15. C) $105. D) $1.33.