If a monopsony finds that its MRP is greater than its MLC, it
a. is doing the right thing to maximize profits
b. should hire fewer workers to increase profits
c. should hire more workers to increase profits
d. should pay the workers a lower wage
e. should produce less output
C
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Refer to the figure below. 
In the figure, a business cycle trough is shown by which point(s)?
A. D only B. B and D C. A and C and E D. A only
Refer to the above table. If an economy's current per capita real GDP is $3,000, and if its economy grows at an constant annual rate of 5 percent for 50 years, what will be its per capita real GDP at the end of that period?
A) $21,330 B) $34,500 C) $55,200 D) $13,140
Under the Articles of Confederation, the Continental Congress permitted each state to issue paper money and borrow on their own to finance expenses related to the American Revolution
Indicate whether the statement is true or false
An increase in the general level of prices in the goods and services market that is accompanied by a short-run reduction in real GDP is most likely caused by
a. an unanticipated decrease in aggregate demand. b. an unanticipated increase in aggregate demand. c. a favorable supply shock that shifts SRAS to the right. d. an unfavorable supply shock that shifts SRAS to the left.