The demand for a new effective drug for the cure of AIDS would most likely be

When the growth rate of the money supply is increased, interest rates will fall immediately if the liquidity effect is ________ than the other money supply effects and there is ________ adjustment of expected inflation

A) larger; fast B) larger; slow C) smaller; slow D) smaller; fast

The market demand function for wheat is Qd = 10 - 2P and the market supply function is Qs = 4P - 2, both measured in billions of bushels per year. Suppose the government wants to increase the price of wheat to $3/bushel and they impose a price floor to achieve their goal. What is the size of the consumer surplus?

A. $4 billion B. $8 billion C. $10 billion D. $6 billion