The following Phillips curve of would be consistent with the _____ model(s)
a. Keynesian.
b. monetarist.
c. monetarist and classical.
d. classical.
e. None of the above
A
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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
Which of the following is not a determinant of supply?
a. improvements in technology b. an increase in the number of consumers c. changes in the profitability of producing other products d. a change in the cost of labor
The currencies most often used in international transactions are frequently called
A) vehicle currencies. B) seignorage. C) target currencies. D) competitive currencies.
Nonactivists believe that ________
A) there is a very rapid self-correcting mechanism since prices and wages are very flexible B) lags to policy implementation are so long that even the "correct" policies may lead to undesirable consequences C) policy interventions should take place less frequently than what Keynesians advocate D) all of the above E) none of the above