Before 1970 the United States generally had a trade ________ and since 1970 the United States has generally run a trade ________.
A. deficit; surplus
B. surplus; surplus
C. surplus; deficit
D. deficit; deficit
Answer: C
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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; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
To be considered officially unemployed, a person must be at least 16 years old
A) and be a discouraged worker. B) and not working. C) and not in school and not working. D) and not working but is actively seeking employment.
Economics is the study of ________ and its ________ (Fill in the blanks:)
)A) greed; desirable consequences B) choice; unintended consequences C) money; financial consequences D) competition; legal consequences
As the U.S. labor force grows and the nation’s capital stock is augmented by investment, the
A. price level will rise. B. aggregate supply curve shifts inward. C. aggregate supply curve shifts outward. D. aggregate supply curve becomes steeper.