Gross domestic product during a period is measured by adding
a. incomes received by households minus the sale of factor services supplied domestically.
b. factor payments made by domestic firms minus retained earnings and indirect business taxes.
c. expenditures on new final goods and services produced domestically.
d. the market value of all goods and services produced domestically and then subtracting net exports from that figure.
C
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Fill in the blank: According to your textbook, "Fiscal policy is simply ________."
A) budget policy B) monetary policy under a different name C) price policy D) wage policy E) stupid
When did the Fed fail to engage in a pre-emptive strike to keep the economy at or near the natural rate of unemployment?
A) 1994 B) 1998 C) 2001 D) None of the above. The Fed acted in each of these years.
In a repeated prisoners' dilemma game
A) the players act sequentially. B) the outcomes are the same as in a static prisoners' dilemma game. C) firms' choices are not influenced by their opponents' actions. D) cooperation may result if the game is played indefinitely.