The mound-shaped yield curve in the figure above indicates that the inflation rate is expected to
A) remain constant in the near-term and fall later on.
B) fall moderately in the near-term and rise later on.
C) rise moderately in the near-term and fall later on.
D) remain unchanged in the near-term and rise later on.
C
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If Arnold has a positive rate of time preference, he desires to
a. save in case of inflation b. consume now rather than later c. invest in stocks and bonds d. invest in education e. plan for retirement
Consider the monopoly in the figure below with price regulated at $20 per unit. The regulated price will result in a: 
A. surplus of 18 units. B. shortage of 18 units. C. shortage of 3 units. D. surplus of 3 units.
A person who previously had a full-time job has been paroled from prison and has applied for a job is considered
A. a job loser. B. not in the labor force. C. a new entrant. D. a reentrant.
The American Recovery and Reinvestment Act of 2009:
A. created a $700 billion rescue package for financial institutions. B. cut taxes by $152 billion, distributed primarily as rebate checks to taxpayers. C. implemented a $787 billion package of tax cuts and government expenditure increases. D. substantially lowered interest rates in an attempt to stimulate investment spending.