Total profit can be calculated by
a. subtracting total variable cost from total revenue
b. subtracting total revenue from total costs
c. subtracting total costs from total revenue
d. finding the product of the difference between average profit and average total cost and the quantity produced
e. quantity produced times the difference between marginal cost and average total cost
A
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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
In the short-run, real GDP can be greater than or less than potential GDP because in the short run the
A) money wage rate is fixed. B) quantity of capital is fixed. C) full-employment level of employment is fixed. D) price level is fixed.
If inflation is higher in the home market, what is expected to happen to the real value of the home currency as time passes?
What will be an ideal response?
In Figure 3-6 above, at point J
A) there is unplanned inventory investment. B) there is unplanned inventory disinvestment. C) there is no change in inventory levels. D) intended and unintended inventory investment are equal.