In the graph shown, what would shift the WAS curve from WAS0 to WAS1?
A. Domestic reservation wages fall.
B. Government runs contractionary policy.
C. Input prices fall.
D. The country's exchange rate appreciates.
Answer: D
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Conflicts of interest are a type of ________ problem that can happen when an institution provides multiple services
A) adverse selection B) free-riding C) discounting D) moral hazard
Which of the following assertions, if proven true in a court of law, would help Archer-Daniels-Midland, a maker of corn syrup, in its attempt to acquire another corn syrup producer, the Clinton Corn Processing Company?
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The product of nominal GDP and the GDP deflator equals the real GDP of a country
a. True b. False Indicate whether the statement is true or false
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C