If two firms are engaging in price fixing, and one firm lowers its price, the other firm will always interpret this as underpricing.
Answer the following statement true (T) or false (F)
False
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
If dividend income increases, the following does not happen
A) the consumer chooses to consume more leisure. B) the consumer chooses to consume more consumption goods. C) the budget constraint shifts to the right. D) the substitution effect exceeds the income effect.
The regulatory response to enhance accountability and increase transparency in the financial system and end taxpayer bailouts in response to the Great Recession was known as which of the following?
a. Sarbanes-Oxley Act b. Dodd-Frank Act c. Airline Deregulation Act d. Hoffman-La Roche Act
Of the curves displayed in the graph shown, what does curve B most likely represent?
A. Average variable cost B. Marginal cost C. Average fixed cost D. Average total cost