The contingent valuation method involves
a. constructing a hypothetical market
b. designing a valid survey instrument to gather WTP data
c. evaluating the truthfulness of responses
d. all of the above
e. (a) and (c) only
d. all of the above
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
According to real business cycle theorists, an increase in total factor productivity could lead to an increase in the nominal money supply due to
A) the cyclical behavior of tax collections and attempts by the Federal Reserve to stabilize real output. B) the Federal Reserve's attempts to stabilize real output and the price level. C) the Federal Reserve's attempts to stabilize the price level and banking sector expansion of deposit money. D) banking sector expansion of deposit money and the cyclical behavior of tax collections.
The Social Security program is an income transfer program for retired workers only.
Answer the following statement true (T) or false (F)
Unemployment insurance __________ the amount of unemployment
Fill in the blank(s) with correct word