Which of the following will most likely happen when better technology is used in production?
A. an upward movement along the production possibilities curve
B. a downward movement along the production possibilities curve
C. an outward shift of the production possibilities curve
D. an inward shift of the production possibilities curve
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; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
If you borrow $5,000 from your bank to purchase shares of Twitter from your cousin Vinny, this is an example of obtaining ________ financing and purchasing the stock in a ________ market
A) direct; primary B) indirect; secondary C) direct; secondary D) indirect; primary
In the permanent income hypothesis, income that does not persist for a long period of time is known as ________
A) current income B) transitory income C) insufficient income D) limited income
The income distribution in the United States shows that the income share of the top fifth of all families is
a. over 60 percent. b. around 21 percent. c. more than 12 times the income of the bottom fifth. d. less than 10 times the income of the bottom fifth.