Market prices are
a. conveyors of information.
b. determined by the interactions of supply and demand in voluntary exchange.
c. indicators of the relative scarcity of resources and products.
d. all of the above.
D
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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
Which of the following is NOT a tool used by the Fed to implement monetary policy?
A. Printing Federal Reserve notes and minting coins B. The discount rate C. The reserve requirement D. Open market operations
Which of the following is true regarding investment?
What will be an ideal response?
If trade is mutually beneficial, then increasing trade
A. Increases the welfare of producers that compete with importers. B. Reduces income for workers in export industries. C. Makes countries less interdependent. D. Leads to increased output in export industries.