In a free market, if the price of a good is above the equilibrium price, then;
A. sellers, dissatisfied with growing inventories, will lower their prices.
B. the government will set a lower price to reestablish the market equilibrium.
C. sellers, dissatisfied with growing inventories, will raise their prices.
D. buyers, hoping to ensure they acquire the good, will bid the price lower.
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
When the unemployment rate is ________ the natural unemployment rate, real GDP is ________ potential GDP
A) below; above B) above; the same as C) the same as; below D) the same as; above E) above; above
U.S. savings bonds and corporate bonds are referred to by economists as unearned money
Indicate whether the statement is true or false
If expected inflation were 4%, and the real interest rate was 5%, what sector would be worse off if the actual inflation rate turned out to be 3%
a. Lenders. b. Borrowers. c. Both. d. None.