Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1.
B. P2 and Y1.
C. P2 and Y3.
D. P1 and Y2.
Answer: B
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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
Wanda Rumble promotes boxing matches. She makes $6,500 per fight. Which cost is most relevant to a decision as to whether to promote one more fight?
a. the total cost of promoting all boxing matches during the year b. the marginal cost of promoting one additional boxing match c. the average fixed cost of promoting a boxing match d. the average total cost of promoting a boxing match
Offshoring required which types of advances?
What will be an ideal response?
Prior to the recession of 2007-2009,
A. non-revolving debt was rising rapidly but revolving debt was not. B. both revolving and non-revolving debt were rising rapidly. C. neither revolving nor non-revolving debt were rising rapidly. D. revolving debt was rising rapidly but non-revolving debt was not.