At low rates of unemployment the Phillips curve becomes:
a. quite flat

Microprudential supervision does all of the following EXCEPT

A) checking capital ratios of a bank. B) checking a bank's compliance with disclosure requirements. C) assessing the riskiness of an individual bank's activities. D) focusing on financial system liquidity.

When producers price their items, they should realize there will usually be a consumer surplus when the items are sold. What does this mean to them?

a. They should price items one dollar above the market equilibrium price. b. They should price items somewhat higher than what consumers are willing to pay for them. c. They should price items exactly at what consumers are willing to pay for them. d. They should price items somewhat lower than what consumers are willing to pay for them.