Assume that Dusty has $30 in income, the price of a loaf of bread is $1.50, and the price of a jar of peanut butter is $3. If Dusty's income rises to $45, Dusty can now buy a maximum of ________ loaves of bread or a maximum of ________ jars of peanut butter.

The excess reserves ratio is ________ related to expected deposit outflows, and is ________ related to the market interest rate

A) negatively; negatively B) negatively; positively C) positively; negatively D) positively; positively

A consumer values a car at $30,000 and a producer values the same car at $20,000 . The transaction will not take place if a tax is imposed

a. equal to the seller surplus b. smaller than the total surplus c. larger than the total surplus d. smaller than the buyer surplus