Angelo's Calzones is opening a new location in Colorado. To attract new customers, the managers of Angelo's advertise the following slogan, "Angelo's Calzones: The BEST Calzone You Will Ever Eat!" If Angelo's calzones are really of poor quality, this is an example of ________ a(n) ________ good.

After a temporary adverse supply shock hits the economy, general equilibrium is restored by

A) a shift down and to the left of the IS curve. B) a shift to the left of the FE line. C) a shift up and to the left of the LM curve. D) a shift down and to the right of the IS curve.

Which of the following shocks could trigger an expansion?

a. A large cut-back in military spending. b. A large increase in the price of oil. c. A sudden decrease in consumption. d. A large military buildup. e. A sudden decrease in investment.