Refer to Table 7-6. With trade, what is the total gain in belt production?

What happens to the maximum amount of "all other goods" that this person can buy if instead he receives the $100 in food coupons? What's the maximum amount of food he can buy under this plan?

What will be an ideal response?

The aggregate supply curve shows the relationship between the:

a. The Consumer Price Index and the level of output. b. Real risk-free interest rate and expected inflation. c. The nation's average price level (i.e., the implicit price index) and the level of output. d. Nominal exchange rate and level of output. e. None of these answers is correct.