Refer to the scenario above. Which of the following combinations will lie on Jack's production possibilities curve?
A) 10 paintings and 6 sculptures
B) 5 paintings and 1 sculpture
C) 10 paintings only
D) 10 sculptures only
C
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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
In the above figure, point C represents
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) a decrease in aggregate demand.
In the demand and supply analysis of ___________ markets, the “price” is the rate of return or the interest rate received.
a. financial b. retail c. industrial d. agricultural
Occurs whenever the quantity supplied is greater than the quantity demanded
What will be an ideal response?