Suppose that in 2025 the US economy is in an expansion. The Fed increases the money supply. What is the impact on the economy?    The money supply [ms] The AD function [ad] The AS function [as] Impact on the economy: nominal interest rate [i] real GDP [rgdp] Price (inflation) [inflation] Unemployment [unemp]

Which of the following is NOT included in real GDP?

Which of the following would most likely cause a country’s PPF to shift outward at every point along the frontier?

Bob inherits a large sum of money from his dead uncle’s estate. Bob decides to retire young, so he quits his job and heads to the Bahamas. Bob is an example of

This ends the multiple choice section.  The next few questions are on the production possibilities frontier (PPF).

Agree or disagree Firms that operate as a monopoly worry about providing good customer service. For example, consider a restaurant that happens to be the only place you could buy a crunchy fish sandwich. This restaurant is well known for having terrible customer service. It should be worried about the bad Yelp reviews.

Julius and Ethel Rosenberg:

Bonus: What former Alabama Senator was held at the Hanoi Hilton?

FDR said after WW 2 began that he must become:

Which president had a career as an engineer before his entry into politics?