South Africa is a major wine producer. As Americans become more familiar with those wines and show an increased preference for them, an increased __________ the South African rand will cause the dollar to __________ relative to the rand

What is a government-imposed maximum price at which a good can be sold?

a) a price floor b) a price ceiling c) a price support d) a price equilibrium

_____, the time-inconsistency problem gets eliminated

a. When an inflation or a recession is correctly anticipated b. When lags associated with monetary and fiscal policy are extremely short c. When discretionary macro policy is replaced with fixed policy rules which are well publicized d. When expectations about the economy adjust very slowly e. When the price level in an economy adjusts over time with changes in aggregate demand