In February of 2015, there were 157 million people in the labor force, 8.6 million of whom were unemployed. The unemployment rate in February 2015 was:

There are three prerequisites to creating money. They are

a. currency, homogeneity, volatility b. fractional reserve system operating with financial intermediaries, people willing to make demand deposits, borrowers prepared to take out loans c. Federal Reserve Notes, willing creators of demand deposits, investment managers d. banks loaning new deposits to other banks, borrowers who create M1, a need for a store of value e. excess reserves, reserve requirements, financial intermediaries

Residents of Leon County have developed a strong liking for barbeque pork sandwiches. Residents of Bay County buy the same amount of barbeque pork sandwiches but believe beef sandwiches are just about as good. From this, we can infer that

a. residents of Leon County will not care what the price of barbeque pork sandwiches is. b. compared to residents of Leon County, residents of Bay County will have a smaller price elasticity of demand for barbeque pork sandwiches. c. compared to residents of Leon County, residents of Bay County will have a larger price elasticity of demand for barbeque pork sandwiches. d. residents of Leon County will increase their purchases by a larger amount for beef sandwiches than residents of Bay County in response to a "50 cents off" sale on beef sandwiches.