Which of the following phrases best captures the notion of efficiency?

The 2005 Boston Globe article discussing ticket scalping points out that the price people will pay for tickets will rise when

a. supply and demand are both limited. b. supply is limited and demand is not limited. c. supply is limited and demand is not limited. d. supply and demand are both not limited.

Suppose the money market is in the liquidity trap and the Fed increases the supply of money. Individuals would rather hold __________ than __________ because they expect that bond prices can go no __________

A) bonds; money; higher B) bonds; money; lower C) money; bonds; higher D) money; bonds; lower