Which of the following countries imposes significant tariffs on its agricultural exports?
A) Argentina
B) The U.S.
C) Canada
D) France.
A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Reserve deposits are
A) assets for financial institutions, but liabilities for the Fed. B) liabilities for financial institutions, but assets for the Fed. C) assets for both financial institutions and the Fed. D) liabilities for both financial institutions and the Fed.
Refer to the above figure. Suppose the natural rate of unemployment is 5 percent. If the government tried to reduce unemployment to 4 percent and keep it there, it must
A) raise unemployment benefits. B) accept a permanent inflation rate of 1 percent. C) generate higher and higher inflation rates or else people will adjust their behavior and the unemployment rate will return to 5 percent. D) use contractionary fiscal and expansionary monetary policy.
A coalition of firms who agree to restrict output for the purpose of earning an economic profit is called a(n):
A. pure monopoly. B. duopoly. C. cartel. D. oligopoly.