Exhibit 5-5 Demand curve for computers
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In Exhibit 5-5, the total revenue at point E on the demand curve equals:
A. OD.
B. FE.
C. DE.
D. ODEF.
Answer: D
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
If Rory McIlroy only earned $500 per hour playing golf instead of $1,000 per hour, what should he do?
A) He should be indifferent as to who does the weed-whacking, for the difference in hourly earnings would now be insignificant. B) He should hire a less-productive gardener. C) He should do the weed-whacking himself. D) He should still hire the gardener.
A decrease in real GDP relative to the natural rate of output creates an expansionary gap
a. True b. False Indicate whether the statement is true or false
Price controls can generate inequities
a. True b. False Indicate whether the statement is true or false