If buyers expect the price of a good to fall in the near future, we would expect that to cause the current price and the quantity traded to decrease as a result

The self-correcting property of the economy means that output gaps are eventually eliminated by:

A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.

According to Okun's law, when the output gap is negative, cyclical unemployment:

A. is negative. B. equals structural unemployment. C. is positive. D. equals frictional unemployment.