Declining real GDP for two quarters in a row is often called a recession
Indicate whether the statement is true or false
TRUE
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The figure below shows Ava's demand curve for days in the hospital. The marginal cost of an additional day in the hospital is $200. 
If Ava had to pay the entire marginal cost of spending a day in the hospital, then she would choose to stay ________ day(s).
A. 0 B. 2 C. 3 D. 1
Direct controls work only if the legal system imposes substantial penalties on violators.
Answer the following statement true (T) or false (F)
Regulations are a major constraint on deposit creation.
Answer the following statement true (T) or false (F)
A recessionary gap exists when:
A. output exceeds aggregate demand. B. actual output exceeds potential output. C. aggregate demand exceeds output. D. potential output exceeds actual output.