Refer to Figure 28-1. Suppose that the economy is currently at point A. If the Federal Reserve engaged in expansionary monetary policy, where would the economy end up in the short run?

Veruca sells therapeutic bath salts on the Internet. Her annual revenue is $52,000 per year, the explicit costs of her business are $14,000, and the opportunity costs of her business are $17,000 per year

What are the implicit costs of her business? A) $14,000 B) $17,000 C) $21,000 D) $31,000

Hedging risk for a short position is accomplished by

A) taking a long position. B) taking another short position. C) taking additional long and short positions in equal amounts. D) taking a neutral position.