A demand-pull inflation initially is characterized by
A) increasing real output and a labor surplus.
B) no change in real output and a labor shortage.
C) decreasing real output and a labor surplus.
D) decreasing real output and a labor shortage.
E) increasing real output and a labor shortage.
E
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What would most likely cause the price to move from P1 to P2?
a. an increase in demand
b. an increase in supply
c. an increase in quantity
d. an increase in equilibrium
The computation of GDP by adding up the dollar value at current market prices of all final goods and services is
A. the income approach. B. transfer payments. C. the value of all securities. D. the expenditure approach.
In the figure above, the initial demand curve is D0. There are no rent ceilings nor rent floors. The equilibrium monthly rent is
A) $100 per month. B) $200 per month. C) $300 per month. D) $400 per month.
A manager in charge of new product development can hire engineers and market researchers. The annual salary of an engineer is $30,000 and that of a market researcher is $20,000. The marginal contribution of engineers and market researchers are 
Given the above information, if the manager has an annual budget of $120,000, how should this budget be allocated in order to maximize the number of new products developed?
A. Hire two engineers and one market researcher. B. Hire three engineers and four market researchers. C. Hire three engineers and two market researchers. D. Hire two engineers and three market researchers.