A worker is hired in a
A) goods and services market.
B) product market.
C) government market.
D) factor market.
Answer: D
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To stop a speculative attack interest rates must be ________, which will ________ aggregate demand.
A. decreased; decrease B. increased; increase C. decreased; increase D. increased; decrease
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
The “law” of diminishing returns
A. is deduced from the basic biochemical relationship of agricultural theory. B. was constructed as the basis of observation during experiments on the impact of fertilizer on output in the 1930s. C. is based on regular observations of input-output relationships over the last two centuries. D. is borrowed from physical laws related to conversion of matter and energy.
In the United States, the long-run inflation target is ________
A) undisclosed B) currently set at 7% C) currently set at 2% D) currently set at minus 1%