Managers of profit centers earn more when their divisions
a. increase their sales and increase their costs
b. decrease their sales and increase their costs
c. decrease the costs of the components for which they are responsible
d. increase the costs of the components for which they are responsible
c
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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
According to monetarist theory, responsibility for the Great Depression lays with ________
A) the Federal Reserve System B) the liberal rulings of the Supreme Court C) the President and Congress of the United States D) unfair trade practices
In 1960, spending on income transfers and health care accounted for 21.5 percent of the federal budget. In 2012, these two items accounted for
a. less than 15 percent of the federal budget. b. approximately 25 percent of the federal budget. c. approximately 37 percent of the federal budget. d. approximately 57 percent of the federal budget.
The goal of the business firms in a market economy is to maximize
A. Total utility. B. Total welfare. C. Total profits. D. Total sales.