No distinction is made between the effects of anticipated and unanticipated policy in ________
A) traditional Keynesian theory
B) new Keynesian theory
C) real business cycle theory
D) traditional Keynesian and real business cycle theory
D
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Quarterly GDP:
A. is always shown as a seasonally adjusted estimate for an annual rate. B. takes account of unpredictable seasonal patterns in order to guess at annual GDP. C. is adjusted for predictable, seasonal variation to predict what GDP would be if the economy continues at its current pace. D. is the only representation of GDP that economists view as credible.
If the national debt is growing no faster than GDP,
a. the government will have to raise taxes b. the nation's standard of living will fall c. government investment spending will be negative d. the government can pay interest on the debt without having to raise taxes e. the government will be unable to pay interest on the debt
The "law" of diminishing returns asserts that marginal returns will ultimately diminish when the quantity of one input is increased
a. True b. False Indicate whether the statement is true or false
Assuming that Figure 7.1 is a market for money that can be borrowed or saved, Box 1 is 
A. "$*" for the equilibrium amount borrowed/saved. B. "r*" for equilibrium interest rate. C. "r" for interest rate. D. "$" for the amount borrowed/saved.