Question # 1

An increase in aggregate demand is more likely to lead to demand id more likely to lead to demand pull inflation if:

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Aggregates supply is perfectly elastic

Aggregate supply is perfectly inelastic

Aggregates supply is relatively elastic

Aggregate supply is relatively elastic

The basic different between the ''short run''and the ''long run'' is that:

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All cost are fixed in the short run, but all costs are variable i8n the long run

The law of diminishing returns applies in the long run, but not in the short run.

At least one resource is fixed in the short run while all resources are variable in the long run

Economies of scale may be present in the short run, but not in the long run.

Investment depends mainly on:

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Past levels of income

Futures expected profits

Present National Income levels

Historic data

The reduce the Federal funds rate the fed can:

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Buy government bonds form the public

Increase the discount rate

Sell government bonds to commercial banks

Increase the prime interest rate

Bicameralish is an essential feature of:

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Parliamentary system

Presidential system

Federal system

Unitary system

The term 'Socialism' was first used by

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Robert Owen

Karl Marx

Lenin

Bernstein

The primary use to the kinked-demand curve is to explain price rigidity in:

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Oligopoly

Monopoly

Perfect competition

Monopolistic competition

A BMP is a,_____ which has the your basic eletrolytes levels in your blood

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basic Metabolic Panel

Body Metabolic Panel

Blood Metabolic Panel

None to the above

The term Cowboy diplomacy was first used in 1902 by:

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Jackie Lawlor

Edmund Gullion

James Cable

David Hoffman

When you consume more and more of a commodity continuously, your total satisfaction level will?

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Decrease

Fluctuate

Remain

Increase

What do we4 call the series to related events that make up a story:

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Novel

Foreshadowing

Myth

Plot

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