Refer to the figure below. The absolute value of the slope of the demand curve D1 is ________, and the absolute value of the slope of demand curve D2 is ________. 
A. 5/4; 4/5
B. 4/5; 5/4
C. 1/2; 2
D. 2; 1/2
Answer: D
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Refer to Table 3-1. The table above shows the demand schedules for loose-leaf tea of two individuals (Sunil and Mia) and the rest of the market. At a price of $5, the quantity demanded in the market would be
A) 51 lbs. B) 63 lbs. C) 76 lbs D) 146 lbs.
When, over a sustained period of time, the growth of aggregate business activity falls below what is considered the normal growth rate, the economy necessarily experiences
A) inflation. B) deflation. C) an expansion. D) a recession.
Suppose at a particular level of real gross domestic product (GDP), there are no unintended inventory adjustments. In this context, which of the following is true?
a. Real GDP is less than the equilibrium level of real GDP demanded. b. Real GDP is greater than the equilibrium level of real GDP demanded. c. Real GDP equals the equilibrium level of real GDP demanded d. At equilibrium real GDP, there is no inflation. e. At equilibrium real GDP, there is no saving.
Exchange by barter requires a coincidence of wants.
Answer the following statement true (T) or false (F)