Decision making is a process, what is the first step?

If the Federal Reserve increases the money supply at the same time as an expansionary fiscal policy drives up budget deficits, we would expect to see income _____ and interest rates ____

a. changes be indeterminate; fall b. fall; fall c. rise; fall. d. rise; changes be indeterminate e. none of the above.

Regulating an industry to remove all economic profit

A. removes all incentive for efficiency and responsiveness to consumer demand. B. removes distortions caused by cross subsidies. C. removes allocative inefficiency. D. increases incentives to be productively efficient.