Using the data in the table above, what is the value of GDP?
A) $13,516 billion
B) $10,679 billion
C) $9,541 billion
D) $8,403 billion
D
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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
If a firm produces an experience good, its mode of advertising will be
A) persuasive advertising. B) direct advertising. C) not to advertise. D) none of the above.
Airlines charge a ____________price to business travelers compared to leisure travelers because business travelers have a ____________ demand than leisure travelers
a. Higher; more elastic b. Higher; less elastic c. Lower; more elastic d. Lower; less elastic
Which of the following is the best example of a public good?
A) a regional flood control project B) a state university C) a civic center owned and operated by the government D) an amusement park like Disney World