A change in the money supply creates demand and cost pressures that lead to future increases in the price level from which main sources? I. Excess demand for output and labor II. Inflationary expectations III. Raw materials prices

John's utility of wealth curve is shown in the above figure. He currently has wealth of $20,000 and there is a 10 percent chance of losing it all. John is

A) willing to pay any price for insurance. B) willing to pay no more than $2,000 for insurance. C) willing to pay no more than $3,000 for insurance. D) willing to pay $5,000 for insurance.

When Alison, a college math professor, leaves her job at a small rural college and starts looking for a job at a large urban university, she is _____.

(A) Frictionally unemployed (B) Structurally unemployed (C) A discouraged worker (D) Cyclically unemployed