Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:

As a result of the financial crisis, checkable deposits:

A) became a smaller portion of overall liabilities B) experienced little change C) hit a new record high in terms of the percent of liabilities D) nearly doubled in terms of the percent of liabilities

If a firm offers a senior citizen discount

A) the firm expects the average senior citizen to have a lower price elasticity of demand. B) the firm expects the average senior citizen to have a higher price elasticity of demand. C) senior citizens may be offended. D) it may be prosecuted for discrimination.