Which of the following is an example of excess supply:
A. Price = $500, demand = 500, supply = 300
B. Price = $700, demand = 300, supply = 500
C. Price = $600, demand = 400, supply = 400
D. Price = $400, demand = 600, supply = 200
B. Price = $700, demand = 300, supply = 500
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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
Discuss the factors that determine the ultimate burden of the corporate tax
What will be an ideal response?
The stock of high-powered money in the economy is $80 billion. The bank reserve-holding ratio is 0.12 and the public wishes to hold 10% of its deposits as cash. The level of bank deposits will be
A) $333 billion. B) $100 billion. C) $250 billion. D) $200 billion.
Which of the following best captures how job turnover is related to the age-earnings profile?
A. Job quits are associated with a higher profile, while layoffs are associated with a lower profile. B. The age-earnings profile is unrelated to job turnover because anyone who quits a job or is laid off no longer earns a wage. C. Layoffs are associated with a higher profile, while job quits are associated with a lower profile. D. Job separations, both quits and layoffs, are associated with a higher profile. E. Job separations, both quits and layoffs, are associated with a lower profile.