If New York City expects that an increase in bus fares will raise mass transit revenues, it must think that the demand for bus travel is:

Given an upward-sloping aggregate supply curve, attempts to reduce unemployment through monetary policy will aggravate current inflation as illustrated by a:

A. Leftward shift of aggregate demand. B. Rightward shift of aggregate demand. C. Leftward shift of aggregate supply. D. Rightward shift of aggregate supply.

The above figure shows Bob's utility function. He currently has $100 of wealth, but there is a 50% chance that it could all be stolen. Bob's expected wealth is

A) $0. B) $50. C) $75. D) $100.