How much cloth production would Wendy forfeit in a day in order to produce 6 pounds of food?
a. 3 yards
b. 2 yards
c. 1 yard
d. 1/2 yard
a. 3 yards
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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
When a student finishes college and begins looking for work
A) cyclical unemployment increases. B) structural unemployment increases. C) frictional unemployment increases. D) frictional and cyclical unemployment increase.
Refer to the Article Summary. All else equal, a depreciation of the Chinese yuan relative to a currency such as the U.S. dollar should ________ Chinese exports and ________ imports to China
A) decrease; decrease B) decrease; increase C) increase; increase D) increase; decrease
Suppose a banking system has $200 million in deposits, a required reserve ratio of 10 percent, and total bank reserves of $35 million. Then the potential increase in deposit creation for the whole banking system is equal to
A. $3 million. B. $0. C. $15 million. D. $150 million.