In surveys about inflation during the 1990s, what percentage of the U.S. population as a whole answered “Fully agree” that preventing high inflation was a highly important national priority?

When the exchange rises, then the

A) AD curve shifts rightward. B) AD curve shifts leftward. C) LAS curve shifts rightward. D) LAS curve shifts leftward.

If the United States imposes a quota on French wines, the result in the short run is likely to be ________ profits for American wine producers and ________ profits for French wine producers.

A) lower; lower B) lower; higher C) higher; lower D) higher; higher