If the aggregate supply curve shifts to the right, the ________ curve shifts to the ________.
A. aggregate demand; left
B. aggregate demand; right
C. Phillips; left
D. Phillips; right
Answer: C
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Refer to the figure below. 
In the figure, which interval represents a business cycle expansion?
A. A to B B. B to D C. B to C D. A to C
Which of the following causes the aggregate production function to shift up?
A) An increase in capital stock B) A decrease in the productivity of workers C) An improvement in technology D) An increase in the total efficiency units of labor
Refer to Scenario 12.3. What is the monopoly price of this new drink?
A) 0 B) $3 C) $13.50 D) $16.50 E) $27
A government wants to reduce electricity consumption by 10%. The price elasticity of demand for electricity is -0.1. The government must ________ the price of electricity by ________.
A. raise; 100.0% B. raise; 10.0% C. lower; 20% D. raise; 1.0%