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
Answer: A
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Which of these options best reflects Jim’s opportunity cost of operating his own business?
A. The total amount of money he spends to obtain capital equipment B. The value of Jim’s managerial skills that are used to run the business C. The cost of hiring his laborers D. All of the responses are correct.
The Rule of ________ can be used to calculate the number of years that it takes for the level of a variable to ________
A) 20; double B) 70; triple C) 70; double D) 20; triple E) thumb; double
LeBron James went right from high school to the NBA because he had a low opportunity cost of attending college
a. True b. False
Commitment devices are:
A. methods to increase the price of your vices. B. successful whether weak or strong, depending on the situation. C. methods to lower the price of your virtues. D. All of these statements are true.