If the market price falls from P0 to P1 in the above figure, then
A. there will be a further tendency for price to fall.
B. there is a surplus of goods on the market equal to the distance Q1, Q2.
C. there is a shortage equal to the distance EF.
D. a new equilibrium quantity is established.
Answer: C
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The financial intermediaries that the average person interacts with most frequently are
A) exchanges. B) over-the-counter markets. C) finance companies. D) banks.
Which of the following workers is most likely to be asked to post a performance bond?
A) construction contractor B) fast food worker C) economics professor D) book author
"More people purchase chap stick when the weather man announces that we are in for a very windy week." This statement implies that:
A. buying Chap Stick causes it to be windy. B. people plan on kissing more on windy days. C. buying Chap Stick is positively correlated with the announcement of a windy week. D. the weather man is getting a kickback from the makers of Chap Stick.