When price levels rise, the quantity of nominal money demanded will ________ and the quantity of real money demanded will ________
A) increase; stay the same
B) increase; increase
C) increase; decrease
D) decrease; increase
A
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Regardless of whether you are looking through the microeconomics microscope or the macroeconomics telescope, the fundamental subject material of the interconnected __________ doesn’t change.
a. market b. economy c. production d. firm
The questions below are based on the table below. Fill in the blank spaces first. 
The Supply of Labor is W = 10 + 3QLHow many laborers will be hired and what will the wage be if both product and labor markets are perfect and the going wage is $18 per worker?
What will be an ideal response?
When negative externalities like pollution exist, competition leads to:
A. a socially efficient outcome. B. too few goods being bought and sold. C. a market equilibrium price that is too high. D. more production than would be efficient.
Howie just bought a new digital camera to replace his old one. His old one works perfectly fine and would sell on Craigslist for $100. The fact that Howie would not pay $100 for it, yet continues to let it sit in his closet unused is explained by:
A. the implicit cost of ownership. B. the explicit cost of ownership. C. ignoring sunk costs. D. the explicit cost of sales.