The source of gains from trade is

Which of the following rates of growth in the money supply is likely to lead to the lowest level of inflation in the economy?

a. 1 percent per year b. 3 percent per year c. 5 percent per year d. 7 percent per year

Shrimp is an increasingly popular part of the American diet. Louisiana shrimpers who represent the bulk of the U.S. industry were almost all put out of business by Hurricane Katrina. How did the hurricane affect the equilibrium price and quantity of

shrimp? What will be an ideal response?