The substitution effect from a fall in the price of a gallon of gasoline is shown in the above figure by the movement from
A) point A to point C.
B) point A to point B.
C) point B to point C.
D) point A to point B and then to point C.
B
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Refer to the figure below. If the government imposed a price ceiling of $40, what would happen in this market? 
A. There would be excess supply. B. The equilibrium quantity would fall. C. The price ceiling would have no effect. D. There would be excess demand.
Anyone can buy marketable pollution rights for sulfur dioxide, even environmentalists
a. True b. False
If the interest rate is 4%, in which of the following cases is the future value the largest?
a. An initial value of $1,000 deposited for 5 years. b. An initial value of $950 deposited for 6 years. c. An initial value of $900 deposited for 7 years. d. An initial value of $850 deposited for 8 years.
Figure 17-1
Which of the following is true about the economy depicted in Figure 17-1?
a.
It is experiencing supply-side inflation.
b.
Policy makers have chosen to fight inflation rather than unemployment.
c.
The increase in aggregate demand has increased prices but not real GDP.
d.
The slope of the aggregate supply curve embodies the trade-off between unemployment and inflation.