How will a decrease in price tend to affect supply?
A. Supply will increase.
B. Supply will decrease.
C. Supply will not change.
D. Uncertain.
Answer: C
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The quantity theory of money was derived from the quantity equation by asserting that
A) real output was fixed. B) the money supply was fixed. C) the velocity of money was zero. D) the velocity of money was fixed.
Which of the following is most closely related to recessions?
A. Positive long-run economic growth. B. Rapid growth in the price level. C. Falling rates of unemployment. D. Negative real growth in output.
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
Refer to the above table. Which country had the highest growth rate of real Gross Domestic Product (GDP) from 2014 to 2015?
A) A B) B C) C D) D