Which of the following countries became the newest members of the European Union in 2007?
A) Bulgaria and Romania
B) Greece and Sweden
C) Albania and Cyprus
D) None of the above
A
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
To make things simpler and focus attention on what really matters, economists
A) use assumptions. B) respond to incentives. C) think at the margin. D) ignore all variables.
Which of the following will most likely provide fiscal stimulus to the economy?
A. Decreasing government spending on goods and services. B. Increasing transfer payments. C. Higher interest rates. D. Increasing taxes.
Who is recognized as the founder of public choice theory?
A. James Buchanan. B. Steve Forbes. C. Joseph Pechman. D. Adam Smith.