Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential
B. higher; potential
C. higher; higher
D. lower; higher
Answer: B
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Suppose consumers save 5 percent of their incomes. If the government collects 100 dollars in taxes from each taxpayer, private saving will ________ per taxpayer
A) decrease by 95 cents B) decrease by $5 C) increase by $105 D) decrease by $95
In the table above, if Brent maximizes his utility by consuming 3 bags of popcorn and 3 bottles of soda, then the ratio of the price of popcorn to the price of soda is expected to be
A) 1/2. B) 5/6. C) 6/5. D) 2.
From the graph given, locate two points on an individual demand curve that you sketch directly below the graph presented 
What will be an ideal response?
U.S. currency is
A. a commodity money B. tied to the value of gold at a fixed rate C. fiat money D. the only store of value