More economic growth is not necessarily better unless the benefits of growth:
A. exceed the costs of growth.
B. increase real GDP per capita.
C. increase human capital.
D. increase average labor productivity.
Answer: A
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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 Keynesian revolution
a. was an attack on the classical supply-determined, full-employment theory of output and employment. b. attacked the quantity theory of money. c. shared with the classical model the belief that prices and wages are perfectly flexible. d. All of the above e. both a and b.
The cost of capital and the cost of debt should be identical when economic profits are positive
Indicate whether the statement is true or false
If U.S. consumers decrease their demand for cell phones from Finland, then other things the same Finland's
a. exports and net exports fall. b. exports fall and net exports rise. c. imports and net exports fall. d. imports fall and net exports rise.