8) According to the misperceptions theory, after an unanticipated increase in the money supply has occurred, the SRAS curve must shift to restore general equilibrium; as it does so, the price level . A) downward; rises B) downward; falls C) upward; rises D) upward; falls

Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the seller receives for the product after paying the tax is

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?