When the price level falls
A. there is no impact on imports or exports, so there is no associated movement along the aggregate demand curve.
B. imports decrease and exports increase, which cause a movement down along the aggregate demand curve.
C. imports increase, and exports decrease, which causes a movement up along the aggregate demand curve.
D. imports decrease and exports increase, which cause a movement up along the aggregate demand curve.
Answer: B
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Classical economists argue that all workers could have been employed during the Great Depression if they had been willing to accept falling wages
But President Hoover and his supporters recommended that hours be cut before wages which increased unemployment. Indicate whether the statement is true or false
Jeff owns a garage and has 3 mechanics to help him. With the tools used being fixed in the short run, his production function is given by 5 + 2L = Y , where L is the number of mechanics and Y is the number of cars they can fix. If Jeff hires a fourth mechanic, what will be the marginal product of the new mechanic hired?
a. 11 b. 13 c. 2 d. 7
When Taylor raised the price of earrings at Taylor's Boutique, her total revenue from selling earrings increased. This suggests that:
A. there was excess demand for earrings at the original price. B. the demand for Taylor's earrings at the original price was inelastic. C. the demand for Taylor's earrings at the original price was elastic. D. there are many other boutiques competing with Taylor.
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow. 
Figure 9.3Refer to Figure 9.3. This firm will ________ if price is $13.
A. earn a positive economic profit B. suffer an economic loss C. break even D. shut down