Refer to Figure 9.1. If the market is in equilibrium, total producer surplus is

Households will choose to save more if

A) income is expected to decrease in the future. B) current disposable income increases. C) Both answers A and B are correct. D) Neither answer A nor B is correct.

At the 1976 IMF conference in Jamaica,

A) the United States reaffirmed its commitment to buy and sell gold at a fixed price. B) currencies were formally allowed to float. C) the major countries of the world agreed to continue a system of fixed exchange rates. D) the gold standard was reestablished.