Supply-siders are generally critical of government intervention and regulation, since they believe regulations can be costly impediments to economic growth
a. True
b. False
Indicate whether the statement is true or false
True
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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; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Refer to Scenario 10.7. Suppose that the firm chooses to produce 200 ink pads. At this level of output the demand for ink pads is
A) inelastic. B) unit elastic. C) elastic. D) unit elastic.
The consumer price index is
a. not very useful as a measure of the cost of living. b. a perfect measure of the cost of living. c. a useful measure, but not a perfect measure, of the cost of living. d. not used as a measure of the cost of living.
What is the annual rate of growth of per capita real Gross Domestic Product (GDP) if real GDP grows at a constant rate of 3 percent per year and the annual rate of population growth is 3 percent?
A. 6 percent B. -6 percent C. 0 percent D. 3 percent