The phrase "too much money chasing too few goods" best describes:
A. the GDP gap.
B. demand-pull inflation.
C. the inflation premium.
D. cost-push inflation.
B. demand-pull inflation.
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When industrial unions negotiate with an entire industry, wage gains come at the cost of
a. longer working hours b. worse working conditions c. reduced total employment d. worse products e. longer hours
The redistribution of private income and wealth within poor nations is sufficient to eliminate global poverty.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow. 
Figure 9.3Refer to Figure 9.3. This firm will ________ if price is $13.
A. earn a positive economic profit B. suffer an economic loss C. break even D. shut down
The formula for calculating the tax multiplier is
a. MPC/(1 - MPC) b. MPC/(1 + MPC) c. -MPC/(MPC - 1) d. -MPC/(1 - MPC) e. MPC + (1 - MPC)