If government spending increases, then the IS curve shifts to the right.
Answer the following statement true (T) or false (F)
True
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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
The greatest global redistribution of income ever recorded occurred in the 1970s as a direct result of
a. a worldwide drop in food prices b. the OPEC cartel c. growing international oligopoly d. a shift from balanced to unbalanced oligopoly e. a shift from price leadership to kinked demand curve oligopoly
When a hair stylist charges men less than women for a haircut because men's hair take less time to cut, the hairstylist is practicing price discrimination.
Answer the following statement true (T) or false (F)
You and two friends are going out to dinner and are going to one of three restaurants: Amigos, Bongo, or Caliente. You prefer Amigos to Bongo and Bongo to Caliente. One of your friends prefers Bongo to Caliente and Caliente to Amigos. You other friend prefers Caliente to Amigos and Amigos to Bongo. The three of you decide to use majority rule voting to decide which restaurant to visit. If you first have a vote between Caliente and Bongo and then between the winner of that vote and Amigos, then ________ will win. However, if you first vote between Caliente and Amigo and then between the winner of that vote and Bongo, then ________ will win.
A. Amigos; Bongo B. Caliente; Bongo C. Amigos; Caliente D. Bongo; Caliente