A decrease in population would shift the demand curve to the left

Bill gets medical insurance and then exercises less. Lilly has health concerns and so applies for medical insurance. Identify each of these as moral hazard or adverse selection

The first test of the Federal Reserve as lender of last resort occurred with the:

A. introduction of flexible exchange rates in the U.S. in 1971. B. attack on Pearl Harbor by the Japanese. C. stock market crash in 1929. D. widespread failures of Savings and Loans in the 1980's.