As the football season approaches, the threat of a player strike would give
a. both players and management an incentive to bargain seriously.
b. only the players an incentive to bargain seriously.
c. only management an incentive to bargain seriously.
d. neither party much incentive to bargain seriously.
A
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Compared to the long-run absolute elasticity of demand, the short-run absolute elasticity of demand is
A. either smaller or larger, depending on other factors. B. larger. C. smaller. D. the same.
Joan has the following assets and liabilities:Credit Card balance$1000Cash$200Government bonds$3,000Checking$300Car loan balance$10,000Car$15,000What is Joan's money demand?
A. $500 B. $200 C. $300 D. $1,500
If the United States imposes a tariff on a good, then
A) domestic consumption of the good decreases. B) foreign production of the good increases. C) the government makes less revenue than it would have gained if it imposed a quota. D) foreign consumption of the good decreases. E) domestic production of the good decreases.