An increase in the price of bread produced domestically will be reflected in
a. both the GDP deflator and the consumer price index.
b. neither the GDP deflator nor the consumer price index.
c. the GDP deflator but not in the consumer price index.
d. the consumer price index but not in the GDP deflator.
a
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The national debt is the total amount the ________ government has ________ to make expenditures that exceed tax revenue
A) state and local; borrowed B) federal; taxed U.S. citizens C) state and local; taxed U.S. citizens D) federal; borrowed E) federal; loaned
Economic model building begins with the construction of greatly oversimplified "benchmark" models, which are brought closer to reality by gradually removing the simplifying assumptions
In this process, more and more ________ variables become ________. A) short-run, long-run B) exogenous, endogenous C) long-run, short-run D) endogenous, exogenous E) nominal, real
Refer to the information provided in Figure 13.10 below to answer the question(s) that follow. 
Figure 13.10 Refer to Figure 13.10. If the government imposed a price ceiling of $12 on this firm, the firm would sell to
A. 1,000 subscribers and earn a profit of $4,000. B. 2,200 subscribers and would require a subsidy of $2,200 to stay in business. C. 2,500 subscribers but would require a subsidy of $1,250 to stay in business. D. more than 2,500 subscribers so that price would equal average total cost.
If planned investment is perfectly unresponsive to changes in the interest rate, the planned investment schedule
A. is horizontal. B. has a positive slope. C. has a negative slope. D. is vertical.