Our book introduced the concept of leakages and injections to our original circular flow model of an economy. What does this say would happen if injections are smaller than the leaks?

At which of the following price levels would a shortage occur? (again, shortage)

Our class discussed the different types of unemployment and what causes them. Tell me when would frictional unemployment go up?

Average GDP per person is

From the graph above, a technological improvement is best represented as a movement between which two points? (pay attention to the direction of the movement)

From the graph above, a technological improvement is best represented as a movement between which two points? (pay attention to the direction of the movement)

List the factors of production.

Illegal re-selling is more likely to occur when a price is set below equilibrium price by the seller or government.  

Which of the following is true if we see suddenly see deflation?

List the factors of production.