One reason the U.S. government is sensitive to demands by the elderly is that the elderly have higher voter participation rates than members of other age groups

Based on the above table, if the current price level is 100 and the unemployment rate is 4 percent, then the

A) expected inflation rate is 8 percent. B) inflation rate is 2.8 percent. C) expected inflation rate is 2.8 percent. D) inflation rate is 8 percent. E) inflation rate is 108 percent.

Which of the following CORRECTLY characterize principals and agents in important examples of the principal-agent problem?

A) In the doctor/patient relationship, the patient is the principal and the doctor is the agent. B) In the lawyer/client relationship, the client is the principal and the lawyer is the agent. C) Both of the above answers are correct. D) Neither of the above answers is correct.