To avoid accidents, the government of Richland does not allow boating in lakes during rainstorms. This is an example of ________

Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. Which of the following bundles are in Max's opportunity set?

A) a, b, c B) b, d, e C) a, b, d D) None of the above

After an unexpected ________ in the price of oil, the long-run adjustment decreases the price level and ________ the unemployment rate as they return to their original levels

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