An individual's supply curve is backward bending

William was asked to contribute money for a retirement home. He agreed to contribute only if his name appeared on the list of donators in the newsletter published by the home every year. This is an example of ________

A) rationalism B) liberalism C) impure altruism D) pure altruism

Attempts to fine-tune the economy through shifts in fiscal and monetary policy

A) cannot alter the level of unemployment but may change the price level. B) may not do any good but certainly do no harm. C) produce greater stability, but only at the cost of an ever-increasing national debt. D) will increase rather than reduce instability if the policy makers lack adequate information.