Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should produce ________ personalized sweatshirts.
A. 0
B. 50
C. 70
D. 75
Answer: B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD 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. D; B C. A; B D. B; C
Using the data in the above table, gross private domestic investment equals
A) $250. B) $260. C) $460. D) some amount that cannot be determined without more information.
Nicaragua in the early 2000s set its exchange rate with the U.S. dollar to decrease monthly by 1%. This is an example of
A) a crawling peg. B) bad currency management. C) a parity band. D) a currency board.
Social Security payments automatically increase when the Consumer Price Index (CPI) goes up because of the:
A. age of the recipient. B. years receiving social security. C. cost-of-living adjustments. D. individual being married or unmarried.