An expansionary monetary policy may cause asset prices to rise, thereby reducing the likelihood of financial distress and causing consumer durable and housing expenditures to rise. This monetary transmission mechanism is referred to as

When a good is imported, the domestic production of it ________ and the domestic consumption of it ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) increases; does not change

When the ________ effect dominates the ________ effect, the labor supply curve is ________

A) income; substitution; vertical B) substitution; income; positively sloped C) income; substitution; negatively sloped D) substitution; income; horizontal