Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C
B. B; C
C. B; A
D. D; B
Answer: D
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Which of the following is not an example of a fungible commodity?
A. Wheat B. Electricity C. Money D. All of these are fungible commodities.
Which of the following is included in GDP?
a. life expectancy b. literacy c. health d. infant mortality
In the short run, the ratio of the change in total cost and the change in output is greater than the ratio of the change in variable cost and the change in output
a. True b. False Indicate whether the statement is true or false
Core inflation:
A. measures price changes for the market basket of the average urban consumer with food and energy costs taken out. B. is inflation measured using the producer price index. C. measures the changes in prices for the entire market basket of the average urban consumer. D. is inflation measured using the retail price index.