The Board of Governors is made up of experts in:

A set of combinations of nominal interest rates and GDP, for which the demand for money is equal to the supply of money, is the:

A) IS curve. B) aggregate expenditure line. C) supply curve. D) LM curve.

To a seller, the cost of a good or service is ________, and the price is ________

A) what must be given up to produce the good or service; what is received for the good or service B) what is received for the good or service; what must be given up to produce the good or service C) the producer surplus the seller receives; the consumer surplus the buyer receives D) the producer surplus the buyer receives; the consumer surplus the seller receives E) None of the above answers is correct.