The supply of money is depicted as an upward sloping line that depends directly on the interest rate
a. True
b. False
Indicate whether the statement is true or false
False
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
An optimal decision is one that is selected based on an analysis of
A. explicit costs but not implicit costs. B. implicit costs but not explicit costs. C. both explicit costs and implicit costs. D. neither explicit costs nor implicit costs.
What does it mean for a country to have a comparative advantage in producing a product?
What will be an ideal response?
Which of the following is correct?
a. Over the business cycle investment fluctuates more than consumption. b. Economic fluctuations are easy to predict. c. During recessions employment rises. d. Because of government policy the U.S. had zero recessions in the last 25 years.