In a survey of forecasters toward the end of the financial crisis of 2007-2009, forecast inflation rates for the next decade in the United States were:

An indirect effect of monetary policy is that as the money supply

A) increases, interest rates fall, and borrowing and spending increase. B) increases, interest rates rise, and borrowing and spending decrease. C) decreases, interest rates rise, and borrowing and spending increase. D) decreases, interest rates fall, and borrowing and spending increase.

A business organization that employs resources to produce goods and services for profit is

A) economic rent. B) a firm. C) inside information. D) the opportunity cost of capital.