Which of the following is a sequential game?

To shift the RS curve rightward as illustrated, the Fed has ________ government securities in the open market. The Fed will undertake this type of policy if it is concerned about ________

A) sold; recession B) sold; inflation C) bought; recession D) bought; inflation E) None of the above answers is correct.

Refer to Figure 9.1. If the market is in equilibrium, the consumer surplus earned by the buyer of the 1st unit is ________

A) $5.00 B) $15.00 C) $22.50 D) $40.00