An increase in the price of good X due to a reduction in its supply will:
a. increase the total revenue of good X
b. decrease the total revenue of good X.
c. increase the total revenue of goods that are substitutes for X.
d. increase the total revenue of goods that are complements for X.
c
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The major categories of expenditures in the economy are:
A) consumption, gross investment, and government purchases. B) consumption, net investment, and net exports. C) consumption, fixed investment, government purchases, and net imports. D) consumption, gross investment, government purchases, and net exports.
According to the quantity theory of money, a decision on the part of all business firms currently paying employees on a monthly basis to begin paying on a weekly basis would be expected to
a. increase velocity and increase nominal GDP. b. increase velocity and decrease nominal GDP. c. decrease velocity and increase nominal GDP. d. decrease velocity and decrease nominal GDP.
Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. The marginal revenue of the 10th pound of burritos is
A. $1. B. $4. C. $10. D. $100.
For the following policy, indicate whether it will or will not increase the rate of economic growth in the United States. B. Congress passes a law that allows taxpayers to reduce their income taxes by the amount of state sales taxes they pay. It is likely that the rate of economic growth will ____________
Fill in the blank(s) with the appropriate word(s).