Which Federal Reserve Bank president is always on the Federal Open Market Committee?

Figure 10-11

In , which of the following would most likely cause the movement from point E₁ to point E₂?
a.
an increase in the expected inflation rate
b.
a decrease in the expected inflation rate
c.
a major technological advance
d.
a temporary reduction in oil prices

Ceteris paribus, all of the following result when the minimum wage is raised and is above the equilibrium in a competitive market, except

A. Some workers lose their jobs. B. Workers with a marginal revenue product below the minimum wage are worse off. C. There are fewer workers available to work. D. There are fewer jobs available.