Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. This firm's ________ will be maximized at a price of $10.
A. marginal revenue
B. total revenue
C. marginal cost
D. profit
Answer: B
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If the Japanese yen was 123 per dollar and now it is 114 yen per dollar, it can be said that
A) the yen has appreciated against the dollar. B) the yen has depreciated against the dollar. C) the dollar has appreciated against the yen. D) Both answers C and B are correct
A liquidity trap exists when a change in the money supply immediately and drastically affects interest rates.
a. true b. false
The current system of exchange rates can best be described as:
A. freely fluctuating exchange rates. B. managed floating exchange rates. C. rigidly fixed exchange rates. D. an adjustable peg system.
According to classical growth theory, when real GDP per person ________, the population grows
A) is less than the subsistence real income B) is less than capital per hour of labor C) is constant D) exceeds the subsistence real income E) exceeds capital per hour of labor