In the above figure, what are the equilibrium price and quantity?
A) $40 and 200 units
B) $50 and 100 units
C) $10 and 200 units
D) $30 and 100 units
D
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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
Refer to the scenario above. If Alice wins the auction, the seller earns an average revenue of ________
A) $30,000 B) $25,000 C) $24,000 D) $36,000
Refer to the above table. The marginal factor cost of labor is $200. To get the firm to hire 8 workers, the
A. firm must be able to reduce wages below the marginal factor cost. B. eighth worker must be at least as productive as the seventh worker was. C. price of the good must be $8. D. wage rate must be a fraction of the marginal factor cost of labor.
The conditions for joining the "Euro" single-currency block led a number of European countries to ________ and consequently reduce their debt-GDP ratios
A) tighten monetary policy B) loosen monetary policy C) loosen fiscal policy D) tighten fiscal policy