When the price of a good changes but the price of the only other good bought by a consumer stays constant, his
A. budget line shifts.
B. indifference curves shift.
C. budget line changes slope.
D. indifference curves change slope.
Answer: C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
When economic agents transfer resources through time, it is referred to as:
A) clockwise transformations. B) time-wise transformations. C) chronological transformations. D) intertemporal transformations.
This graph depicts the demand for a normal good.
A movement from A to C in the graph shown might be caused by:
A. an increase in price.
B. a decrease in price.
C. an increase in income.
D. a decrease in income.
Countries with lower levels of economic freedom tend to have
a. lower levels of economic growth b. higher levels of per person income c. higher levels of investment d. all of the above