What are two “safe” or reasonable conclusions that can be drawn on about the acceleration in productivity growth?
What will be an ideal response?
First, there seems to be good prospects for a lasting increase in productivity growth because of the expanded use of information technology. Second, it will take time to tell if productivity is lasting because the severe recession of 2007–2009 may have changed the trend.
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Stagflation occurs when short-run aggregate supply decreases
Indicate whether the statement is true or false
An example of an external debt is
a. French public debt held by Americans b. French investment in the United States financed by French debt c. French government debt held by French banks d. French public debt issued by French private companies e. U.S. government debt held by the Federal Reserve System
Refer to the graph below. A decrease in supply would best be reflected by a change from:
A. Point 2 to point 1
B. Point 5 to point 1
C. Point 5 to point 2
D. Point 3 to point 6
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. If this farmer is maximizing profits, his total revenue will be
A. $90. B. $135. C. $180. D. $240.