The 2009 our imports and exports added together are ___________ percent of GDP.
Fill in the blank(s) with the appropriate word(s).
25
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
When the production possibilities frontier bows outward from the origin
A) some of society's resources are unemployed. B) opportunity costs are constant. C) opportunity costs are increasing. D) opportunity costs are decreasing.
If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would decrease
a. True b. False Indicate whether the statement is true or false
The specialization of labor
a. leads to a reduction in unemployment b. means that less equipment will be employed when labor and capital are substitutes in production c. expands the output a society can produce d. decreases the costs to the firm of coordinating activities e. effectively separates labor from management