In the figure above, the efficient amount of output is

When policy makers base their actions on a rule there is

A) rationalization policy making. B) passive policy making. C) rational expectations policy making. D) active policy making.

Carrie Bradshaw claims that when it comes to buying shoes, "price is no object." If this is true, then her demand for shoes is

A) horizontal. B) unit elastic. C) perfectly inelastic. D) perfectly elastic.