An increase in a perfectly competitive firm's demand for labor could be caused by
A) an increase in the supply of labor.
B) a decrease in the market price of the product the firm produces.
C) an increase in the amount of human capital among the labor force.
D) a decrease in the market wage rate.
C
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Based on the figure, the economy is initially in long-run equilibrium at point A. If there is a favorable supply shock that increases potential output and shifts the long-run aggregate supply curve from LRAS to LRAS', then the new long-run equilibrium is reached at point: 
A. B B. D C. E D. C
The gold standard is a type of
A) fixed exchange rate system. B) flexible exchange rate system. C) floating exchange rate system. D) managed exchange rate system.
Elizabeth Rodriguez is a veterinarian at the Cincinnati Zoo. She produces a(n)
a. nonexcludable good b. transfer c. public good d. merit good e. entitlement
If the interest rate is higher than normal, people are more likely to hold
a) bonds instead of money because the opportunity cost of money is high b) bonds instead of money because as the interest rate starts to rise, the value of the bonds will increase c) money instead of bonds because the brokerage fees and other costs of buying bonds are high when the interest rate is low d) money instead of bonds because there is a speculative motive for holding a larger amount of money