Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. From society's viewpoint, the ________ level of output is 50 perms.
A. efficient
B. shut down
C. minimum
D. monopoly
Answer: A
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At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . If the player were to be made indifferent between playing the game or not, how much should the owner charge him?
a. $30 b. $40 c. $50 d. $80
The aggregate demand curve shows the quantity of domestic product
a. produced at each possible price level. b. demanded and produced at each possible price level. c. that is exported at each possible price level. d. demanded at each possible price level.
For an economy starting at potential output, an increase in one or more of the components of aggregate expenditure in the short run results in a(n):
A. increase in potential output. B. recessionary output gap. C. decrease in potential output. D. expansionary output gap.
Consider the relationship given by QCars = 100 + 4 × PCars - 2 × PSteel - 0.2 × PWorkers, where QCars is the quantity of cars supplied (in thousands), PCars is the price of cars (in thousands of dollars), PSteel is the price of steel, and PWorkers is the wage earned by autoworkers. If the price of steel is $10 per unit and the price of workers (the wage) is $20, what is the supply curve for cars?
A. QCars = 124 + 4 × PCars B. QCars = 100 + 4 × PCars - 2 × PSteel - .2 × PWorkers C. QCars = 100 + 4 × PCars D. QCars = 76 + 4 × PCar