The horizontal portion of the short-run aggregate supply curve reflects the Keynesian assumption of "sticky" prices
Indicate whether the statement is true or false
TRUE
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According to the quantity theory of money, increasing the money supply:
A. leads to decreased spending. B. leads to inflation. C. causes each dollar to be spent less often. D. causes production to increase.
?Hair Pins /hourBandanas /hourNigel410Mia93
Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 18.3. Which of the following is TRUE?
A. Nigel has both an absolute and comparative advantage in hair pin production. B. Nigel has both an absolute and comparative advantage in bandana production. C. Nigel has neither an absolute nor comparative advantage in hair pin production. D. Nigel has neither an absolute nor a comparative advantage in bandana production.
The figure below shows a single consumer's demand for ice cream at the student union. 
Fran is one of the students whose demand curve for ice cream is shown above. When price is $4.00, Fran demands ________ scoops a week, and when price is $2.00, Fran demands ________ scoops.
A. 1; 3 B. 2; 6 C. 2; 4 D. 2; 5
The more generous unemployment benefits are, the ________ the unemployment rate remains and the ________ the time frame people tend to remain unemployed
A) higher; longer B) higher; shorter C) lower; longer D) lower; shorter