As a manager holding an auction with correlated or common values, you want buyers to place bids that are ________ their estimated valuations and sellers to place bids that are ________ their estimated costs.

The proposal to keep the quantity of money growing at a slow constant rate is an example of

A) a constant federal funds rate rule. B) a nominal GDP targeting rule. C) an inflation rate targeting rule. D) discretionary policy. E) a money targeting rule.

The "free-rider problem" of public goods refers to:

a. individuals' refusal to pay taxes. b. individuals' attempts to hide their preferences for collective goods and to avoid paying for them. c. individuals' over-use of collective goods. d. the inelasticity of individuals' demands for public goods.