Refer to Figure 5-9. The private profit-maximizing output level is

Suppose the price of coffee is $3 each, the price of bagels is $2 each and a person's budget is $40. The relative price of coffee is

A) 1.5 bagels. B) 2/3 of a bagel. C) 13.33 bagels. D) 20 bagels.

The third round of quantitative easing, announced in September 2012, was focused on purchases of:

A) short-term Treasury bills B) long-term Treasury notes C) long-term Treasury notes and sales of short-term Treasury bills D) mortgage-backed securities