When demand is ________, a decrease in price ________ total revenue
A) elastic; decreases
B) inelastic; decreases
C) unit elastic; increases
D) elastic; does not change
B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
The Fed's forward guidance in 2011 and early 2012 was framed in terms of keeping interest rates low
A) for an extended period. B) at least until a particular date in the future. C) based on outcomes for the unemployment rate and inflation rate. D) until the next Presidential election.
Ways to "game" the budgeting process include
a. delaying sales if just short of a target b. accelerating expenses if just short of a target c. delaying sales once a target is met d. delaying expenses costs once a target is met
If a monopsony finds that its MRP is greater than its MLC, it
a. is doing the right thing to maximize profits b. should hire fewer workers to increase profits c. should hire more workers to increase profits d. should pay the workers a lower wage e. should produce less output