If consumption increases,
A) the SRAS curve will shift rightward, which will push the price level up.
B) the SRAS curve will shift leftward, which will push the price level up.
C) the AD curve will shift leftward, which will push the price level down.
D) the AD curve will shift rightward, which will push the price level up.
D
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Market economies are distinguished from other types of economies largely on the basis of
a. the political affiliations of government officials. b. the process by which government officials are elected or appointed. c. the ways in which scarce resources are allocated. d. the number of retail outlets available to consumers.
A corporation uses __________ as its Federal Tax ID number.
a. the owner's social security number b. an EIN number c. business operating license number d. none of these
The figure below shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. 
At the socially optimal level of output, this monopolist would:
A. incur an economic loss of $64. B. incur an economic loss of $112. C. earn an economic profit of $16. D. incur an economic loss of $16.
With a progressive tax system, as the level of income increases in an economy, the average tax rate will:
A. remain the same. B. increase. C. decrease. D. decrease, increase, or remain the same.