Impersonal market forces synchronize the personal and independent decisions of many individual buyers and sellers to achieve equilibrium price and quantity

The above figure shows the utility of wealth curve for a homeowner whose only possession is a $50,000 house. If there is a 20 percent chance that the home could be entirely destroyed, what is the person's expected wealth?

A) $10,000 B) $20,000 C) $30,000 D) $40,000

When the Fed attempts to increase real GDP and employment by ________ its target for the federal funds rate, it is conducting ________ monetary policy

A) raising; expansionary B) raising; contractionary C) lowering; expansionary D) lowering; contractionary