An unexpected fall in Retail Sales should send bond prices __________ and stock prices __________

According to the life-cycle hypothesis, if a person wants consumption to be constant over her lifetime, she will smooth consumption by initially ________ over her lifetime

A) saving, then dissaving, then borrowing B) borrowing, then saving, then dissaving C) dissaving, then borrowing, then saving D) saving; then borrowing; then dissaving

Using the above figure, the perfectly competitive firm in the diagram will earn an economic profit if the market price is

A) P1. B) P2. C) P3. D) P4.