Assuming imperfect perfect capital mobility, the BP schedule is
a. vertical.
b. horizontal.
c. upward sloping.
d. downward sloping.
e. flat.
C
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
________ marginal costs of production would tend to ________ a good's ________
A) Higher; increase; supply curve B) Lower; increase; supply curve C) Lower; decrease; supply curve D) lower; increase; demand curve
Fairness legislation protects all workers from unfairly being fired
Indicate whether the statement is true or false
A shortage will occur at any price below equilibrium price and a surplus will occur at any price above equilibrium price
a. True b. False Indicate whether the statement is true or false