Refer to the information provided in Figure 24.4 below to answer the question(s) that follow.
Figure 24.4Refer to Figure 24.4. Along AE1, ________ when aggregate output equals $2,000 billion.
A. leakages = zero
B. leakages < injections
C. leakages = injections
D. leakages > injections
Answer: C
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Use the following graph for a monopolistically competitive firm to answer the next question. 
Excess capacity for this firm would be illustrated by the quantity
A. E - D. B. D - 0. C. D - C. D. E - C.
The quantity supplied of a good is
A) the same thing as the quantity demanded at each price. B) the amount that the producers are planning to sell at a particular price during a given time period. C) equal to the difference between the quantity available and the quantity desired by all consumers and producers. D) the amount the firm would sell if it faced no resource constraints.
Which of the following is NOT an output of the production function?
A) a haircut B) a share of Acme Corporation stock C) a case of soda pop D) an extra-large pepperoni pizza
If psychological limitations and other complications cause people to be unable to examine and think through every possible choice available to them and rely instead on rules of thumb, then these individuals exhibit
A) unbounded rationality. B) normative thinking. C) bounded rationality. D) positive thinking.