The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates:
a. the price elasticity of demand for film.
b. the price elasticity of demand for cameras.
c. the price elasticity of supply for film.
d. the price elasticity of supply for cameras.
e. nothing, because the two goods fall into the broadly defined category of photographic equipment.
a
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If the expected real interest rate in an economy is 6% and the expected inflation rate is 4%, then the nominal interest rate in the economy is:
A) 6%. B) 14%. C) 4%. D) 10%.
Financial crises are typically ________
A) characterized by sharp declines in asset prices B) associated with increases in business failures C) accompanied by sharp economic downturns D) all of the above E) none of the above
Crowding out results in a decrease in
A) transfer payments. B) defense spending. C) private spending. D) government spending.
Refer to the figure below. Private markets will provide ________ units of this good per day, and the socially optimal number of units per day is ________. 
A. H; G B. G; F C. F; G D. H; F