If the Fed pursues an expansionary monetary policy, investment in the United States will ________ and net exports will ________
A) increase; decrease B) decrease; increase C) decrease; decrease D) increase; increase
D
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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
The resource income earned by those who supply ________ is called wages
A) labor B) natural resources C) entrepreneurship D) capital
According to the graph shown, if this economy were to open to trade, consumers would:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. enjoy a net gain to surplus of DEFG.
B. suffer a net loss to surplus of DEFG.
C. suffer a transfer of surplus to the producer of DEFG.
D. experience deadweight loss of FG.
The long-run Phillips curve corresponds to the vertical region of the long-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false