Refer to the information provided in Figure 9.3 below to answer the question(s) that follow. 
Figure 9.3Refer to Figure 9.3. This firm will ________ if price is $13.
A. earn a positive economic profit
B. suffer an economic loss
C. break even
D. shut down
Answer: C
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The real rate of interest
A) is equal to the nominal rate when Y equals YN. B) is equal to the nominal rate minus the rate of inflation. C) is equal to the nominal rate plus the rate of inflation. D) is never negative.
If spending increased by $100, and the GDP increased $400 as a result, the MPC must be:
A. 0.70 B. 0.75 C. 4 D. 2
Economic cost is:
A. Equal to explicit costs minus implicit costs. B. The same as dollar costs. C. Equal to the accounting cost minus implicit costs. D. The value of all resources used to produce a good or service.
When the dollar appreciates against the euro, the euro has:
A. depreciated against the dollar. B. become more valuable relative to all other currencies. C. become less valuable relative to all other currencies. D. appreciated against the dollar.