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
Answer: D
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If real GDP is $13,500 billion and aggregate hours are 110 billion, labor productivity equals
A) $6.75 per hour. B) $104 per hour. C) $123 per hour. D) $675 per hour.
Left alone, with no government interference, a profit-maximizing firm will produce emissions
A) where the MSB curve crosses the MCA curve. B) at the vertical intercept of the MSB curve. C) at the horizontal intercept of the MSB curve. D) at the vertical intercept of the MCA curve. E) at the horizontal intercept of the MCA curve.
America's banking system is called a fractional reserve system
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying table. The marginal utility of consuming apples is:Number of ApplesTotalUtility120235345450545
A. constantly increasing. B. first increasing, but decreasing after the fourth apple. C. constant. D. decreasing after the first apple.