In the figure above, with international trade ________ million shirts per year are produced in the United States
A) 48
B) 32
C) 16
D) 20
C
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Suppose that when the price of raspberries increases, Lonnie increases his purchases of papayas. To Lonnie
A) raspberries and papayas are substitutes. B) raspberries and papayas are complements. C) raspberries and papayas are normal goods. D) raspberries and papayas are inferior goods.
According to Keynesian economics, fiscal policy should create a deficit during economic contractions
a. True b. False Indicate whether the statement is true or false
Which of the following questions would not be of particular interest to a microeconomist?
a. Why do national economies grow? b. What percentage of consumer income is spent on entertainment? c. Why do workers prefer the 4-day workweek? d. What happens to worker productivity when the job shifts to a 4-day workweek? e. How is the electric industry harmed by the passage of new clean air legislation?