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
Answer: A
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The First Bank of the United States was chartered by
a. the federal government. b. the state of New York. c. the city of New York. d. Suffolk County.
Assume, for Mexico, that the domestic price of beets without international trade is higher than the world price of beets. This suggests that, in the production of beets,
a. Mexico has a comparative advantage over other countries and Mexico will export beets. b. Mexico has a comparative advantage over other countries and Mexico will import beets. c. other countries have a comparative advantage over Mexico and Mexico will export beets. d. other countries have a comparative advantage over Mexico and Mexico will import beets.
What are some distinctions between light industry and heavy industry? Why do economies tend to start with light, and move to heavy industries?
What will be an ideal response?
Which of the following is an example of a monopoly?
a) Many firms supply the same product essentially, but each has significant brand loyalty b) One large firm supplies the entire product to the market c) One firm supplies 60 percent of the product to the market and there are two other rival firms d) A few large firms supply the entire product to the market