Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:

Refer to Table 2-8. What is Betty's opportunity cost of making a bench?

A) 1/2 of a statue B) 2.8 statues C) 1.75 benches D) 2 statues

If the Federal Reserve raises or lowers interest rates too late, it could result in a ________ policy that destabilizes the economy

A) budgetary B) fiscal C) procyclical D) countercyclical