As price rises, quantity demanded _____.
Fill in the blank(s) with the appropriate word(s).
falls
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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
The fact that the firms in an oligopoly are mutually interdependent means that each firm:
A) must consider the reactions of its competitors when it sets the price for its output. B) produces a product that is similar, but not identical, to the products of its competitors. C) produces a product that is identical to the products of its competitors. D) faces a perfectly elastic demand curve for its product.
All of the following are methods of rationing goods EXCEPT
A) political power. B) the profit motive. C) first come, first served. D) prices.
The Fed carries out monetary policy chiefly by influencing the demand for reserves schedule
a. True b. False Indicate whether the statement is true or false