Countries with stable inflation rates tend to have ________ SAS curves
A) flat
B) steep
C) flat or steep
D) None of the above. All countries have SAS curves with almost the same slope.
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
Which of the following describes the reason why scarcity exists?
A. Governments make bad economic decisions. B. The gap between the rich and the poor is too wide. C. Wants exceed the resources available to satisfy them. D. There is too much unemployment.
NCO plus domestic investment forms the:
A. demand for loanable funds in an open economy. B. demand for loanable funds in a closed economy. C. supply of loanable funds in an open economy. D. supply of loanable funds in a closed economy.
Changes in interest rates cause a shift in:
a. the aggregate demand curve b. The aggregate supply curve c. The investment demand curve d. The production possibilities curve