Issuing tradable emission allowances to polluting firms will result in those firms polluting more than is socially desirable

A simple model of information acquisition for shopping predicts that, the larger the percentage of dealers in an area seen by the typical shopper, the _____ will be the dispersion of the prices _____ relative to their average

a. larger; the buyers pay b. larger; the dealers quote c. smaller; the buyers pay d. smaller; the dealers quote

When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.

A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline