If Jacqueline is willing to accept $1 for a cupcake and Jameson is willing to pay $3 for a cupcake, the consumer surplus will ________ if the negotiated price is $1.50 as opposed to $2.00

Opportunism may occur when

A) both parties have limited information. B) both parties have full information. C) one party has information the other does not. D) All of the above.

If the Fed decreases the money supply, the interest rate

a. decreases and aggregate spending increases. b. decreases and aggregate spending decreases. c. increases and aggregate spending decreases. d. increases and aggregate spending increases. e. increases and money demand decreases.