If the market price is at equilibrium, the producer surplus is minimized
Indicate whether the statement is true or false
FALSE
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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
Comparing the median income of all white males to the median income of all black males in order to determine the impact of job-market discrimination on earnings tends to
a. overestimate the impact because it does not account for differences in education and job experience b. underestimate the impact because it does not account for differences in education and job experience c. overestimate the impact because it accounts for differences in education and job experience d. underestimate the impact because its accounts for differences in education and job experience e. correctly estimate the impact
When you discover money in your coat that you placed there last winter, you unexpectedly find you were using money as a(n)
A) medium of exchange. B) unit of account. C) factor of production. D) store of value.
For a given level of inflation, if a rise in the stock market makes consumers more willing to spend, known as the wealth effect, then the ________ shifts ________.
A. short-run aggregate supply line; upward B. aggregate demand curve; right C. short-run aggregate supply line; downward D. aggregate demand curve; left