The above figure shows the market for pizza. Which figure shows the effect of a new report by the U.S. Surgeon General that eating pizza lowers cholesterol levels, an outcome many people want?

Which type of restriction on quantity of imports is the most transparent?

A) Quota B) Licensing requirements C) Voluntary export restraints D) Government procurement policies

If a rapid disinflation has a lower sacrifice ratio than a slow disinflation, then reducing inflation is best accomplished by

A) gradualism. B) increasing money growth. C) reducing interest rates. D) a cold-turkey approach.