Which of the following statements is correct?
A) New classicals believe that the aggregate supply curve is vertical in the short run.
B) New Keynesians believe that the aggregate supply curve is vertical in the short run.
C) New Keynesians believe that the aggregate supply curve slopes upward in the long run.
D) New classicals believe that the aggregate supply curve slopes upward in the short run.
D
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Which of the following are sources of revenue for state and local governments?
i. property taxes ii. sales taxes iii. transfers from the federal government A) i, ii and iii B) ii and iii C) i and ii D) i only E) i and iii
In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used. B. technical advice but does not provide them with loans. C. loans, but only if the government adopts certain policies specified by the IMF in return. D. neither loans nor technical advice.
Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. Assume The Custom Sweater Shop has fixed costs of $500 and is a monopolistically competitive firm. If the firm produces the profit-maximizing level of output and sells it at the profit-maximizing price, the firm ________ of $400.
A. earns a profit B. suffers a loss C. has total cost D. has total revenue
If we included intermediate goods in the calculation of GDP,
a. we would be underestimating GDP b. we would be accurately measuring GDP c. we would be overestimating GDP d. any measurement problems would be offset by including the sale of new goods e. any measurement problems would be offset by including the final goods as well