Which of the following has a currency board?

A rise in the price level causes the demand for money to ________ and the interest rate to ________, everything else held constant

A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase

We can say that the allocation of resources is efficient if

a. producer surplus is maximized. b. consumer surplus is maximized. c. total surplus is maximized. d. sellers' costs are minimized.