The most important purpose of a market is to
A. bring buyers and sellers together so they can argue.
B. bring buyers and sellers together so they can barter.
C. increase the sellers' wealth.
D. bring buyers and sellers together so they can trade.
Answer: D
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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
If investment has a low sensitivity to the interest rate, the IS curve is rather __________, so that monetary policy has a __________ effect on GDP
A) flat; strong B) flat; weak C) steep; strong D) steep; weak
Good Boy Super Treats produces healthy treats for dogs. At its current advertising level, Good Boy Super Treats marginal cost of advertising is $1 million and their marginal benefit is $1 million. Which of the following is true?
A) If the firm increases the amount of advertising, its net profit will increase. B) The firm should increase the amount of advertising to increase its net profit. C) The firm is currently maximizing its net profit. D) If the firm decreases the amount of advertising, its net profit will increase.
A short-run appreciation of the British pound would be consistent with:
a. a temporary fall in the British money supply. b. a temporary fall in the European money supply. c. a temporary rise in the European money supply. d. either a temporary fall in the British money supply or a temporary rise in the European money supply.