In the above figure, the equilibrium interest rate is ________ and the equilibrium quantity of money is ________ trillion

If the price of crude oil falls, the equilibrium price of gasoline ________ and the equilibrium quantity ________

A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases

The economic way of thinking stresses that

a. changes in personal costs and benefits generally do not influence human behavior. b. incentives matter--when an option becomes less costly, people will be more likely to choose it. c. if one individual gains from an economic activity, then someone else must lose. d. goods provided by government do not consume valuable scarce resources since government activity is not part of the market economy.