An increase in expected inflation ?

A. shifts the short run Phillips curve downward and the unemployment inflation trade-off is less favorable.
B. shifts the short-run Phillips curve upward and the unemployment inflation trade-off is more favorable
C. Shift the short-run Phillips curve downward and the unemployment inflation trade-off is more favorable
D. Shifts the Short run Phillips curve upward and the unemployment inflation trade-off is less favorable

The formula for average variable cost (AVC) is ?

A. DTVC/Dq
B. q/TVC
C. Dq/DTVC
D. TVC/q

Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?

A. Productivity growth has been steady over the last 50 years
B. Productivity has been growing more slowly every decade since world War II
C. Productivity grew quickly in the 1950s and 1960s more slowly from the early 1970s through 1995 and then quickly again
D. Productivity grew slowly from the 1950s through the 1970s and then began to accelerate probably due to advances in computer technology

Which of the following statements regarding the impact of population growth on productivity is true ?

A. There is no evidence, yet that rapid population growth stretches natural resources to the point that it limits growth in productivity
B. All of these answers
C. Rapid population growth may dilute the capital stock lowering productivity
D. Rapid population growth may promote technological progress increasing productivity.

Which of the following best describes how an increase in the money supply shift the aggregate demand curve ?

A. The money supply shifts right prices fall spending increases and the aggregate demand curve shifts right
B. The money supply shifts right the interest rate rises investment decreases and the aggregate demand curve shifts left
C. The money supply shifts right the interest rate falls, investment increases, and the aggregate demand curve shifts right
D. The money supply shifts right, prices rise, demand curve shifts left

If marginal costs equal average total costs ?

A. average total cost is falling
B. average total cost is raising
C. average total cost is maximized
D. average total cost is minimized

According to economists, economic self-interest:

A. is a reality that underlies economic behavior
B. has the same meaning as selfishness
C. is more characteristic of men than of women
D. is usually self-defeating

If a benevolent social planner chooses to produce more than the equilibrium quantity of a good, then ?

A. the value placed on the last unit of production by buyers exceeds the cost of production
B. the cost of production on the last unit produced exceeds the value placed on it by buyers.
C. consumer surplus is maximized
D. total surplus is maximized

Which of the following is an example of equity finance ?

A. Corporate bonds
B. Company shares
C. All of these answers are equity finance
D. Government bonds

Economic profit is equal to total revenue minus ?

A. variable costs
B. implicit costs
C. explicit costs
D. marginal costs