Refer to Figure 17.4. A long-run increase in productive capacity for the economy can be illustrated by a move from point

Which of the following is a potential operating instrument for the central bank?

A) the monetary base B) the M1 money supply C) nominal GDP D) the discount rate

Brian is the sole proprietor owner of Long Voyage Software, which writes programs to generate maps for wilderness trips. He started the business with an initial investment of $80,000 . A faulty map caused one customer to get hopelessly lost. After her rescue and recuperation, she sued Long Voyage Software for $5,000,000 . Which of the following is true? a. The customer can be awarded only

$80,000—what the firm has available to pay. b. The customer can be awarded $5,000,000 . but can get only $80,000. c. The customer can be awarded $5,000,000 . but Brian personally won't have to pay more than $80,000. d. If $5,000,000 is awarded, Brian will have to pay none of it. e. If $5,000,000 is awarded, Brian is personally responsible for paying all of it.