Refer to the data provided in Table 11.1 below to answer the following question(s).
Table 11.1 
Refer to Table 11.1. If the interest rate is 28%, Nashbar Bicycle should
A. fund the remodeling of the distribution center and the on-site day care center.
B. fund only the purchase of new tablet computers for its sales staff.
C. not fund any of the projects.
D. fund all of the projects.
Answer: C
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Refer to Table 19-18. What is real GDP in 2016, using 2016 as the base year?
A) $28,885 B) $11,790 C) $11,200 D) $10,275
The Monetarist model differs from the classical model in that
a. changes in aggregate demand, not aggregate supply, drive changes in output. b. changes in the money supply drive changes in inflation inflation. c. changes in aggregate supply, not aggregate demand, drive changes in ouput. d. money demand is not always stable. e. none of the above.
A virtue of income taxes over sales taxes is that _____
a. they are more comprehensive b. they are more difficult to avoid c. the excess burden of an income tax system is far smaller d. progression can be built into the system
According to the theory of rational expectations, the economy always remains at the natural rate of unemployment, irrespective of policy changes
a. True b. False Indicate whether the statement is true or false