Overfishing in the ocean often
a. is easily solved by shortening the fishing season.
b. is not caused by better technologies, which today's fishers would not use if they harmed the resource.
c. occurs only when regulators fail to regulate due to corruption.
d. is caused by many boats racing to catch more fish in a very short season.
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
The fourth stage in the regulatory process is
A) a crisis. B) response by the financial system. C) regulation. D) regulatory response.
Economists use the mechanism of supply and demand to study:
a. inflation b. unemployment c. environmental protection d. both a and b e. all of these
Which of the following is the most realistic example concerning economic policy?
a. An economist accurately predicts how unemployment rates will change next year. b. An economist knows if the money supply increases 3 percent, interest rates will decrease 3 percent. c. An economist predicts the exact effect an expansionary policy will have. d. An economist believes interest rates will increase next year but is not absolutely sure.