The table gives some data on the supply of roses in a small town. When the price rises from $15 a dozen to $25 a dozen, the elasticity of supply is ________

The budget deficits of the 1980s and early 1990s differ from others in the post-World War II era in that they were

a. a result of the Fed rather than a change in fiscal policy. b. temporary rather than structural, and pose no threat to the economy. c. not contracted to fight a war or end a recession. d. contracted as part of a program to plan the economy.

Refer to the figure below where the nominal interest rate equals 6% and the money supply equals 600. If the Federal Reserve wants to raise the interest rate to 8%, it must ________ the money supply to ________. 

A. increase; 400 B. decrease; 400 C. increase; 800 D. decrease; 800