What is the lowest price the firm would accept in the long run?
$16
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The slope of the production possibility frontier shows
a. the marginal rate of substitution between the two goods. b. the relative marginal costs of the two goods. c. the efficient combination of outputs possible using fixed amounts of input. d. the relative marginal productivities of the two goods.
Investment spending is inversely related to the interest rate
a. True b. False
Which of the following is not a tool of monetary policy?
a. open market operations b. reserve requirements c. changing the discount rate d. increasing the government budget deficit