Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The firm's isocost line could shift from CD to CE if the
A. firm's total expenditures increased by 50% or the price of capital and labor each decreased by 33%.
B. price of labor decreased by 50%.
C. firm's total expenditures increased by 50%.
D. price of labor increased.
Answer: B
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The real interest rate is given by:
A) the nominal interest rate adjusted for inflation. B) the nominal interest rate adjusted for changes in exchange rate. C) the nominal interest rate adjusted for income changes. D) the nominal interest rate adjusted for tax rates.
The value added at all stages of production sums to the market value of the final good, and the value added for all final goods sums to GDP based on the income approach
a. True b. False Indicate whether the statement is true or false
Which of the following pairs best represents substitute goods?
a. hamburgers and hamburger rolls b. hot dogs and hot dog rolls c. veggie burgers and hamburger rolls d. hot dogs and hamburger rolls e. hamburgers and hot dogs
Currency is included in
A) M1 only. B) M2 only. C) neither M1 nor M2. D) both M1 and M2.