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
Answer: B
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The government office that declares official periods of recession and depression is the:
A. Bureau of Labor Statistics. B. Federal Reserve Board. C. National Bureau of Economic Research. D. Congressional Budget Office.
Pure public goods
a. are goods that are provided by the government b. are economically efficient c. are economically inefficient d. are both nonrival and nonexcludable e. are Pareto optimal
Models should:
A. not be applied to microeconomics. B. attempt to include every detail of the situation being studied. C. describe a real life situation accurately. D. attempt to describe a situation with perfect accuracy.
The most common reason for exchanging one currency for another is
A. to purchase goods produced in another country. B. to purchase stocks and bonds in another country. C. to engage in fixed capital investment in another country. D. to engage in currency speculation.