________ choose(s) the quantities of goods and services to produce, while ________ choose(s) the quantities of goods and services to buy
A) Firms; only households
B) Households; the government
C) Households; firms
D) Firms; households and the government
E) The government; firms
D
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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
According to the Application, the Fed started paying interest to banks on reserves. Since this change has occurred
A) all total reserves are now excess reserves. B) total reserves are finally equal to required reserves. C) required reserves now exceed total reserves. D) total reserves now far exceed required reserves.
Along a linear demand curve, as the price rises, demand becomes more
a. steep b. elastic c. inelastic d. unit elastic e. variable
two goods that are used together. when the price of a complementary good rises, the demand for related good goes down
What will be an ideal response?