If the price effect outweighs the income effect of a wage increase, the quantity of labor supplied will:
A. increase.
B. decrease.
C. remain the same.
D. be negative.
A. increase.
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Roughly what was the change in Venezuela's per capita GDP between 1960 and 2011?
A) 4% B) 14% C) 44% D) 88%
In 2012, Ben Bernanke expressed which concern about persistently high unemployment?
A) It would result in high inflation. B) It would result in structural damage to the economy that would last for years. C) It would never decline to desired levels. D) It would cost him his job.
Peter studies at the coffee shop around the corner, at the same time that John talks loudly on his cell phone. The costs and benefits of each cell phone call made by John are given by the following table: 
If the both Peter and John could negotiate a settlement without transactions costs, how many phone calls would John end up making if Peter had the rights to stop any cell phone calls from taking place at the coffee shop?
A. 3 B. 1 C. 0 D. 2
Figure 30-3. On the graph, MS represents the money supply and MD represents money demand. The usual quantities are measured along the axes.
