If you liquidate $3,000 of your money market mutual fund and transfer the funds to your checking account, then initially, M1 will ________ and M2 will ________

Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2015

A) 87 B) 95 C) 105 D) 114

Rational ignorance occurs when

a. voters find the cost of understanding a specific issue is greater than the expected benefit b. legislation generates large benefits for a few people but imposes costs on many people c. the preferences of the median voter dominates public choices d. individuals or firms attempt to obtain favorable treatment from government officials e. people make public decisions based on emotion rather than a rational analysis