Which of the following is associated with global poverty?
A. Low infant mortality rates.
B. Opportunities for education.
C. Lack of health care.
D. Immunization against preventable diseases.
Answer: C
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The Fed directly controls long-term interest rates
Indicate whether the statement is true or false
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. If the firm produces the profit-maximizing level of output and sells it at the profit-maximizing price, the firm ________ of $100.
A. has a marginal cost B. suffers a loss C. has an average variable cost D. earns a profit
Refer to the below graph of the representative firm in monopolistic competition. The long-run equilibrium price and output for this firm will be:
A. A and C
B. B and D
C. A and D
D. B and C
If the economy has been experiencing high inflation, as it was in the late 1970s, sharply reducing that inflation rate through monetary policy (as Paul Volcker did) may
A. increase demand for expensive items like cars and houses. B. produce a recession in the short run. C. increase short-run economic growth, triggering an economic expansion. D. reduce the unemployment rate in the short run.