A practice whereby a seller charges different prices to different consumers of the same product or service is called
a. price discrimination.
b. oligopolistic pricing.
c. stay-out pricing.
d. monopolistic pricing.
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
Which of the following is likely to increase the equilibrium real interest rate?
a. greater tax benefits for IRAs b. technological improvement creating profitable investment opportunities c. elimination of an investment tax credit for corporations d. an increased consumption tax
Among the following MPC values, which one would have the highest multiplier effect?
a. 1/3 b. 2/3 c. 3/4 d. 2/5
The Malthusian theory said that population tended to grow in a _____ progression, while the food supply grew in an _____ progression.
Fill in the blank(s) with the appropriate word(s).