The United States had serious difficulties fighting inflation in
A) the 1970s.
B) the 1980s.
C) both the 1970s and the 1980s.
D) every decade since World War II.
Answer : C) both the 1970s and the 1980s.
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"If you hadn't gone to dinner with your friends, you would have stayed home and watched television." It follows that
A) watching television is the opportunity cost of having dinner with your friends. B) the price of having dinner with your friends is more than the price you would have had to pay to watch television. C) the opportunity cost of having dinner with your friends is lower than the opportunity cost of watching television. D) it is less costly to watch television than to have dinner with your friends.
In a perfectly competitive market, positive economic profits act to
A) attract new entrants into the industry. B) drive potential competitors away from the industry. C) prevent reinvestment on the part of firms within the industry. D) signal resource owners elsewhere not to invest their capital in this industry.
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow. 
Figure 9.3Refer to Figure 9.3. This firm's ________ point corresponds to point B.
A. break even B. profit minimizing C. shutdown D. profit maximizing
Answer the question based on the following list of factors that are related to the aggregate demand curve.
Refer to the list above. Investment spending would most likely be influenced by changes in:
A. 1 and 3
B. 4 and 6
C. 5 and 10
D. 8 and 9