Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The general formula for the slope of any of the isocost lines is
A. -PK/PL.
B. TC/PL.
C. TC/PK.
D. -PL/PK.
Answer: D
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Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
Refer to the figure above. What is the price effect of a price reduction from $6 to $4?
A) $300 B) $600 C) $900 D) $1,200
In Figure 3-7 above, when autonomous planned spending is $250, the equilibrium income level is
A) $1000. B) $1250. C) $1500. D) $2500.
Discrimination exists when a man and a woman with the same levels of education earn different incomes
a. True b. False Indicate whether the statement is true or false