In the circular flow model of the market system, households
A. buy products and sell resources.
B. sell products and resources.
C. sell products and buy resources.
D. buy products and resources.
Answer: A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
In the long run, a firm can choose
A) to operate at any point on only one short-run average total cost curve. B) to operate along any short-run average total cost curves. C) to operate along any short-run average variable cost curves. D) to operate along any point of its short-run marginal cost curves.
If Ms. Anniston transfers $1,000 from her checking account to her money market account, then
a. M1 falls and M2 remains the same. b. M1 falls and M2 rises. c. both M1 and M2 rise. d. M1 remains the same and M2 rises.
The most important driver for the global economy is likely to be: