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 $75 and is a monopolistically competitive firm. If this firm is attempting to maximize profits, the firm's profit is
A. -$175.
B. -$100.
C. -$75.
D. $0.
Answer: C
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Moving along the aggregate expenditure (AE) curve, when real GDP increases, aggregate planned expenditures increase
A) by the same percentage as does real GDP. B) by more than real GDP. C) proportionately with real GDP. D) by the same amount as does real GDP. E) by less than real GDP.
Unplanned inventories increase when
A) aggregate planned expenditure is less than GDP. B) actual aggregate expenditure is greater than aggregate planned expenditure. C) actual aggregate expenditure is equal to GDP. D) actual aggregate expenditure is less than GDP. E) real GDP is less than aggregate planned expenditure.
One drawback of the patent system is that firms must disclose to the public information about the product or process
Indicate whether the statement is true or false
Time to maturity refers to the amount of time until
A) an asset repays the principal to an investor. B) an asset pays interest for the first time. C) a bond can be sold on the secondary market. D) the yield curve shows an upward slope.