Demand is determined by how much suppliers are willing and able to produce.
Answer the following statement true (T) or false (F)
False
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The V in the equation of exchange represents the:
a. variation in the GDP. b. variation in the CPI. c. variation in real GDP. d. average number of times per year a dollar is spent on final goods and services.
Which of the following contribute to high levels of U.S. production?
a. Immigration restrictions. b. Barriers to trade. c. Labor-intensive production. d. Abundant factors of production.
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Refer to the information provided in Table 13.3 below to answer the question(s) that follow. Table 13.3Price ($)Quantity4.001003.502003.003002.504002.005001.506001.00700Refer to Table 13.3. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 200th unit it sells?
A. $2 B. $3 C. $3.50 D. $300