Changes in business inventories are not considered part of gross private domestic investment spending
Indicate whether the statement is true or false
FALSE
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A temporary decrease in the price of oil will shift the short run aggregate supply curve right but not shift the long run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The slope of isocost CE is
A. -1. B. -2/3. C. 0. D. indeterminate from this information, as the prices of capital and labor are not given.
Which of the following best describes supply-side economics?
A) Labor productivity affects aggregate supply. B) Education affects labor productivity which affects aggregate supply. C) Education affects the incentive to work, save, and invest and, therefore, aggregate supply. D) Tax rates affect the incentive to work, save, and invest and, therefore, aggregate supply.
If there are 10,000 people in your age bracket, and 10 of them died last year, an insurance company believes that the probability of someone in that age bracket dying this year would be
A) 0. B) .001. C) .0001. D) 1,000.