_____________ is the tendency of people to refuse to accept fair gambles

The following is an example of adverse selection

a. A majority of those applying for well paid jobs are well qualified b. More reckless drivers opt for cars with fewer safety devices c. Individuals living in less secure neighborhoods want to buy more insurance d. Individuals with a strong family history of heart diseases opt to buy less insurance

Within the aggregate demand/aggregate supply framework, the quantity produced and purchased in the goods and services market represents

a. nominal output or nominal GDP. b. the interest rate. c. real output or real GDP. d. the consumer price index.