The demand curve for any input is the MP curve
a. True
b. False
Indicate whether the statement is true or false
False
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Because the personal income tax is an automatic stabilizer,
a. inflationary gaps are impossible. b. the budget deficit grows during a recession. c. the deficit needed to cure a recessionary gap increases. d. the structural deficit grows during a recession. e. All of the above are correct.
The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm:Q = a + bP +cM +dPRwhere Q is the quantity demanded of the product Conlan Enterprises sells, P is the price of that product, M is income, and PR is the price of a related product. The results of the estimation are presented below: 
Given the above, based upon the parameter estimates in the above table
A. the related good is a complement. B. the related good is a substitute. C. this good is a normal good. D. a and b E. a and c
Unions might support a higher minimum wage because:
A. their constitutions obligate them to do so. B. they feel a higher minimum wage will lower labor's tax payments for welfare programs. C. a higher minimum wage makes less-skilled workers less substitutable for union workers. D. the minimum wage is better targeted than are alternative income-maintenance programs.
Which of the following products are likely to be complementary goods?
A) Coke and Pepsi B) portable MP3 players and batteries C) HD-DVDs and Blu-Ray DVDs D) Domino's pizza and Papa John's pizza