Suppose that M is fixed. According to the quantity equation, which of the following would make the price level higher?

John's utility of wealth curve is shown in the above figure. He currently has total wealth of $20,000. If there is a 50 percent chance that his $10,000 car will be stolen, then his expected wealth equals

A) $0. B) $10,000. C) $15,000. D) $20,000.

If top managers make good decisions, the firm's profits will be ________, and the firms assets will be ________

A) equal to its revenues; small relative to its liabilities. B) high; large relative to its liabilities. C) high; small relative to its liabilities. D) low; large relative to its liabilities