How much is autonomous consumption when disposable income is $800 billion?

Which of the following describes that people cannot examine every possible choice available to them but instead use simple rules of thumb to sort among the alternatives that happen to occur to them?

A) self-interest B) bounded rationality C) ceteris paribus D) normative economics

Suppose the economy has a recessionary gap. By using an expansionary monetary policy, the Fed can

A) raise real GDP without increasing the price level. B) raise real GDP and the price level. C) raise real GDP and decrease the price level. D) raise the price level alone, but cannot increase real GDP.