Refer to the graph below. Suppose you had tastes as described by the indifference curves above. If your income was $100, Px = 20 and Py = 25, which combination of X and Y would maximize your utility?

Typical goals of a labor union in the United States include

A. More vacation time, higher profit, and more flexible workplace rules. B. Less work, more workers, and more overtime. C. Higher profit, lower output, and greater productivity. D. Higher wages, better working conditions, and more job security.

Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower