Individuals will usually make choices to minimize the value of some objective.

In order to smooth the influence of shocks throughout an economy, it is helpful for governments within a monetary union to have

A) ways to conduct fiscal transfers. B) seignorage. C) currency competition. D) monetary autonomy.

What situation best explains why the government would impose price ceilings?

a. The government wants to help producers that have built up large amounts of debt. b. There are too many producers flooding the market with the good. c. Income substantially increases, which shifts the demand curve to the left. d. A series of substantial crop failures shift the supply curve of food to the left. e. Technological changes occur, shifting the supply curve to the right.