When would a rise in labor's marginal productivity lead to a leftward shift in workers' labor supply curve?
a. When workers are employed by a monopsony.
b. When workers earn more nonlabor income from their capital.
c. When workers engage in intertemporal substitution.
d. When workers reduce their investment in human capital.
b. When workers earn more nonlabor income from their capital.
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Aristotle believed voluntary trade should be
A) an exchange of unequal values. B) an exchange of equal values. C) an exchange of equal material possessions. D) an exchange of unequal material possessions.
The price elasticity of demand for a printer is estimated to be 1 no matter what the price or quantity demanded. An increase in price by 10% will
a. Increase quantity demanded by 10% b. Decrease quantity demanded by 10% c. Increase demand by 10% d. Decrease demand by 10%
Suppose new drilling techniques increase the world oil supply. In the long run, output will _________ and the price level will _________.
Fill in the blank(s) with the appropriate word(s).