For the Fed, price stability means a low and stable rate of inflation

A market where goods are sold in violation of governmentally-imposed restrictions is a(n)

A) black market. B) export market. C) rent-seeking market. D) deadweight market.

Suppose that the price of doughnuts decreases. Given that doughnut-holes are a by-product of producing doughnuts, one would expect:

A. the supply of doughnuts to increase. B. the supply of doughnut holes to increase. C. the supply of doughnuts to decrease. D. the supply of doughnut holes to decrease.