If the interest rate is 8 percent, then the present discounted value of $100 to be received two years from now is closest to

Based on the figure above, the aggregate supply curve shifts rightward and the potential GDP line does not change when

A) the money wage rate rises. B) the price level rises. C) the money wage rate falls. D) the price level falls. E) both the price level and money wage rate rise by the same proportion.

Refer to Figure 12-9. At price P2, the firm would

A) lose an amount more than fixed cost. B) break even. C) lose an amount less than fixed cost. D) lose an amount equal to its fixed cost.