Which of the following is the best example of a public good?
A. inoculation against a contagious disease
B. access to broadband networks
C. a streetlight
D. garbage collection
Answer: C
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The smaller the MPC the ________ the expenditure multiplier and the ________ the effect of a change in expenditure on equilibrium output.
A. larger; smaller B. larger; larger C. smaller; smaller D. smaller; larger
Countries in sub-Saharan Africa are economically disadvantaged because infectious diseases spread in these countries relatively easily. This statement reflects the:
A) geography hypothesis. B) culture hypothesis. C) location hypothesis. D) institutions hypothesis.
Most economists do not advocate a return to the gold standard because:
A. past willingness to exit the Gold Standard casts doubt on the credibility of committing to it again. B. it forces the central bank to fix the price of something we don't really care about while other prices can fluctuate a lot. C. inflation will depend on the rate that gold is mined. D. all of the answers given are correct.