An increase in the money supply decreases the interest rate in the short run

Someone who knows nothing about the relative quality of a $2 toothbrush and a $7 toothbrush, both available for sale, but chooses to buy the more expensive one, is probably

A) displaying an inelastic demand for toothbrushes. B) judging quality by price. C) violating the law of demand. D) wealthy enough not to care about prices.

In the OECD countries, there is a negative relationship between output per capita in 1950 and

A) growth since 1950. B) output per capita in the 1990s. C) distance from the equator. D) population. E) none of the above