If the economy grew at 7 percent from 2015 to 2016 and real GDP was 400 in 2015, what was real GDP in 2016?

The money supply will decrease if

A) either the monetary base or the money multiplier increases in value. B) either the monetary base or the money multiplier decreases in value. C) either the monetary base increases in value or the money multiplier decreases in value. D) either the monetary base decreases in value or the money multiplier increases in value.

In the short run, the individual competitive firm's supply curve is that segment of the:

A. average variable cost curve lying below the marginal cost curve. B. marginal cost curve lying above the average variable cost curve. C. marginal revenue curve lying below the demand curve. D. marginal cost curve lying between the average total cost and average variable cost curves.