Bundle J contains 10 units of good X and 5 units of good Y. Bundle K contains 5 units of good X and 10 units of good Y. Bundle L contains 10 units of good X and 10 units of good Y. Assume that the consumer's preferences satisfy the four properties of indifference curves. The price of X is $1, the price of Y is $2, and the consumer has an income of $20 . Which bundle will the consumer choose?

Suppose the inflation rate target is "0" and the long run federal funds target is also "0." If the inflation rate is 4% and the output gap is -2%, the federal funds rate set by the Taylor rule is ________

A) 8% B) 2% C) 5% D) 6%

An import quota is a limit on the

A) number of foreign workers allowed to work in a country. B) number of container ships allowed to enter the territorial waters of the United States. C) value of low-priced foreign goods that are allowed to be imported into the United States. D) amount of a product that may be imported.