Which of the following pairs of variables are likely to be positively correlated?
A) Income and consumption
B) Price and consumption
C) Education and unemployment
D) Availability of health care and death rate
A
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In 2009 President Obama and Congress increased government spending. Some economists thought this increase would have little effect on output. Which of the following would make the effect of an increase in government expenditures on aggregate demand smaller?
a. the MPC is small and changes in the interest rate have a small effect on investment b. the MPC is small and changes in the interest rate have a large effect on investment c. the MPC is large and changes in the interest rate have a small effect on investment d. the MPC is large and changes in the interest rate have a large effect on investment
Suppose a monopolist faces the demand curve shown below. 
If the monopolist's marginal cost is constant and equal to $30, its profit-maximizing level of output is:
A. 50 units. B. 30 units. C. 40 units. D. 20 units.
Wages will tend to be high in labor markets where supply is relatively high and demand is relatively weak.
Answer the following statement true (T) or false (F)
The required reserve ratio is 20%. The money multiplier is
A. 2. B. 4. C. 5. D. 10.