Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. This firm's total revenue will be maximized at a price of
A. $8.
B. $6.
C. $5.
D. $4.
Answer: C
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Given the equations for C, I, G, and NX below, what is the marginal propensity to consume?
C = 1,000 + 0.8Y I = 1,500 G =1,250 NX = 100 A) 0.2 B) 0.8 C) 1.8 D) 10
Marginal revenue can become negative for
a. both competitive and monopoly firms. b. competitive firms but not for monopoly firms. c. monopoly firms but not for competitive firms. d. neither competitive nor monopoly firms.
Suppose that we reduce the federal budget deficit (in billions of dollars) in year 1 from 300 to 150 and in year 2 from 150 to 50. During these two years the national debt will
A. fall by 50. B. rise by 50. C. rise by 150. D. rise by 200.
Long-run aggregate supply curve corresponds to
A. the economy inside its production possibilities curve. B. real GDP when the economy is above full employment. C. the economy outside its production possibilities curve. D. real GDP when the economy is at full employment.