The economist Irving Fisher, after whom the Fisher effect is named, explained why interest rates ________ as the expected rate of inflation ________, everything else held constant

State and local governments in 2007 accounted for approximately _____ percent of all government spending

a. 15 b. 25 c. 60 d. 85 e. 40

"Price" in the statement of the Law of Supply refers to:

A. The amount that buyers are willing and able to pay for each unit of the product B. The cost of producing each unit of the product C. The total revenues that sellers receives for selling a given quantity of the product D. The total amount that buyers pay in order to acquire a given quantity of the product