From the graph given, locate two points on an individual demand curve that you sketch directly below the graph presented 
What will be an ideal response?
The coordinates of the demand curve points will be: price = 1, quantity = 46; and price = 2, quantity = 23.
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A commercial bank's reserves are equal to the amount of
A) the bank's loans. B) only the currency in its vault. C) currency in the bank's vault plus the balance on its reserve account at a Federal Reserve Bank. D) the bank's deposits. E) the bank's government securities.
According to Gordon, there is no pressing need for policies to reduce ________ unemployment
A) cyclical B) structural C) turnover D) mismatch
The after-tax income received by the household sector is known as ________
A) disposable income B) retained earnings C) net national product per capita D) Gross Domestic Product
If the economy is at point 1 in Figure 13.1 and the central bank issues a credible statement that it can and will cause inflation to rise, what happens next?
A) the economy moves to point 2 B) the economy remains at point 1 C) the economy moves to the left along the AS curve D) the AS curve shifts down, causing both output and inflation to decline E) the AS curve shifts up, causing both output and inflation to rise