[{"id":148163,"question":"Real GDP is equal to:","choices":[{"text":"Nominal GDP - Inflation","value":"A"},{"text":"Nominal GDP + Inflation","value":"B"},{"text":"Nominal GDP / Inflation","value":"C"},{"text":"Inflation / Nominal GDP","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":148162,"question":"A nation's balance of payments can be affected by changes in:","choices":[{"text":"Foreign income","value":"A"},{"text":"The differential between domestic and foreign interst rates","value":"B"},{"text":"The real exchange rate","value":"C"},{"text":"All of the given options","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":148161,"question":"The long run aggregate supply curve will shift to the right if:","choices":[{"text":"The price level increases.","value":"A"},{"text":"Factors of production (such as labor and capital) increase","value":"B"},{"text":"Expenditures (such as consumption and net exports) increase.","value":"C"},{"text":"The prices of inputs used to produce goods and services (such as wages and the price of oil)descreases","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":148160,"question":"<div>The aggregate supply curve is the relationship between:</div>","choices":[{"text":"<div>The price level and the real domestic output purchased</div>","value":"A"},{"text":"<div>The price level and the real domestic output produced</div>","value":"B"},{"text":"<div>The price level which producers are willing to accept and the price level purchasers are willing to pay.</div>","value":"C"},{"text":"<div>The real domestic output purchased and the real domestic output produced.</div>","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":148159,"question":"<div>For a firm buying labor competitively, the marginal input cost is equal to the:</div>","choices":[{"text":"Wage","value":"A"},{"text":"Interest rate","value":"B"},{"text":"Price of output","value":"C"},{"text":"Cost of raw materials","value":"D"},{"value":"E"}],"correctAnswer":1}]