The system we use to measure the value of an economy is called:
A. national income accounting.
B. national expenditure accounting.
C. macroeconomic summation.
D. national economic valuation.
Answer: 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 horizontal segment of the aggregate supply curve, when GDP:
A. increases, the price level rises. B. decreases, the price level falls. C. increases, the price level does not change. D. increases, the price level falls.
Recall the Application about how marginal utility changes with the quantity consumed to answer the following question(s). Neuroscientists offered subjects in an experiment varying monetary rewards, and observed the neural activity in a subject's striatum region of the brain.Recall the Application. The larger the monetary reward offered to the subjects in the experiment:
A. the higher the marginal utility and total utility of the reward money. B. the lower the marginal utility and total utility of the reward money. C. the lower the marginal utility and higher the total utility of the reward money. D. the higher the marginal utility and lower the total utility of the reward money.
Which of the following is NOT a possible cause of structural unemployment?
A. individuals take the time to search for the best job opportunities B. a mismatch of worker training and skills with requirements of employers C. union activity that sets wages above the equilibrium level D. government-imposed minimum wage laws