When the elasticity coefficient for resource demand is less than one, resource demand is:

Conventional money demand functions tended to ________ money demand in the middle and late 1970s, and ________ velocity beginning in 1982

A) overpredict; overpredict B) overpredict; underpredict C) underpredict; overpredict D) underpredict; underpredict

Where do the FDIC's funds come from?

A) Congress appropriates money for the FDIC, just as it does for other federal agencies. B) The FDIC earns income through the insurance premiums paid by insured banks and from investment earnings. C) The FDIC sells bonds in the financial markets. D) The FDIC relies on voluntary contributions from the banking community.