________ is a good measure of the opportunity cost of holding money
A) The real interest rate
B) Liquidity preference
C) Real income
D) The inflation rate
E) none of the above
E
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The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. 
Suppose that the Republican candidate tells the Democratic candidate that he intends to run a positive campaign. The likely result is that:
A. the Republican candidate will run a positive campaign, and the Democratic candidate will run a negative campaign. B. both candidates will run a negative campaign. C. the Republican candidate will run a negative campaign, and the Democratic candidate will run a positive campaign. D. both candidates will run a positive campaign.
Suppose there is a 10 percent increase in the price of good X and it causes a 10 percent decrease in the quantity of X demanded. Price elasticity of demand for X is a. 0
b. 1. c. 10. d. 100.
Suppose a consumer spends her income on two goods: iTunes music downloads and books. The consumer has $100 to allocate to these two goods, the price of a downloaded song is $1, and the price of a book is $20 . What is the maximum number of books the consumer can purchase?
a. 100 b. 20 c. 10 d. 5
Of the following reasons for unemployment, which will increase most because of a recession?
A. New job market entrants. B. Workers that have reentered into the job market. C. Workers that have lost their jobs. D. Workers that have left their jobs.