Other things constant, a decrease in the demand for hair dryers will
a. increase the price of hair dryers.
b. increase the quantity supplied of hair dryers.
c. increase the demand for hair dryer manufacturing workers.
d. decrease the demand for hair dryer manufacturing workers.
D
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
When a business is set up as a sole proprietorship, the owner of the business faces limited liability
Indicate whether the statement is true or false
Wastes impose costs upon the community if they are
a. solid. b. liquid. c. gaseous. d. any of the above.
An illustration of the continuous flow of goods, services, inputs, and payments between firms and households is known as the ______.
a. capital flow chart b. simple circular flow model c. circular service cycle d. chain of payments