An increase in the supply of labor will, everything else equal,
a. increase the full-employment level of output
b. decrease the full-employment level of output
c. move the economy from a recession toward full employment
d. reduce total employment
e. have no impact on total employment
A
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
Excessive creation of new money to finance a government budget deficit can lead to
A) stagflation. B) disinflation. C) hyperinflation. D) deflation.
Refer to Figure 2-2. What is the opportunity cost of one pound of vegetables?
A) pound of meat B) 1.2 pounds of meat C) pounds of meat D) 12 pounds of meat
Increased recycling for a resource will
a. Increase the choke price b. Decrease the choke price c. Increase the physical reserve d. Increase the economic reserves e. Increase the time until the choke price is reached