According to James Duesenberry, knowing someone's absolute income tells us everything about that person's income status

In Figure 4-5 above, at what income would the interest rate that brings about money market equilibrium cause unwanted inventories of commodities to accumulate?

A) YA B) YB C) YE D) YC

The legislature is equivalent to a political market because _____

a. legislators are akin to price takers b. policies can be bought and sold c. legislators can be bought and sold d. logrolling allows legislators to trade amongst themselves