Refer to the graph shown. The shift in the supply curve from S1 to S2 could not be the result of:
A. expansionary monetary policy.
B. an increase in the U.S. inflation rate.
C. a decrease in U.S. interest rates.
D. contractionary monetary policy.
Answer: D
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Refer to the figure below. 
In the figure, which interval represents a business cycle recession?
A. A to B B. A to C C. B to C D. B to D
A perfectly competitive firm does not try to sell more of its product by lowering its price below the market price because
A. its competitors would not permit it. B. its demand curve is inelastic, so total revenue will decline. C. this would be considered unethical price chiseling. D. it can sell all it wants to at the market price.
In the figure above, point B is ________
A) on the x-axis B) on the y-axis C) at the origin D) a coordinate
If a monopolist can perfectly price discriminate, it will
A) charge the same price for each unit sold. B) produce until price elasticity of demand equals one. C) not be concerned with the market demand. D) charge a different price for every unit sold.