Use the information in Scenario 4.2. Suppose that the price of artichokes is increased slightly from $10. The total expenditure by consumers on artichokes will ________ and the number of artichokes sold will ________

Other things constant, a decrease in credit card balances would ____ M1 and ____ M2. a. increase; increase

b. not change; increase. c. decrease; decrease. d. not change; not change.

Rupert is collecting unemployment insurance benefits. To continue to receive his benefits, he must be looking for work. Because he'd like to continue collecting benefits rather than take a job, he applies at places that are unlikely to hire him. People like Rupert make the reported unemployment rate less than it would otherwise be

a. True b. False Indicate whether the statement is true or false