A shift from S1 to S2 reflects the change that happens when a negative externality is taken into account. A shift from D1 to D2 reflects the change that happens when a positive externality is taken into account.Refer to the above figures. Which of the panels would be consistent with the situation in which external costs exist?

Which of the following is not correct about quantitative easing?

A) It is one of the conventional monetary policy tools. B) It refers to the Fed's asset purchasing program. C) It helped reduce term premium on long-term government bonds. D) As a result, the balance sheet of the Fed is much larger than it was before the crisis.

Which of the following statements would come from someone classified as unemployed?

a. I'm not working because I'm going to Jamaica with my buddy. b. I haven't had a job in a year, and I stopped looking for a job nine months ago. c. I'm a full-time student at the University of Illinois who doesn't have time to work. d. I can't stand my current job as a telemarketer. I used to be a nuclear engineer. e. I'm not working. I had three interviews this week, and I'm trying to find a job.