People come to expect that the price of a gallon of gasoline will rise next week. As a result,
A) today's demand for gasoline and today's supply of gasoline do not change.
B) next week's supply of gasoline decreases.
C) the price of a gallon of gasoline falls today.
D) today's supply of gasoline increases.
E) today's demand for gasoline increases.
Question 2
Suppose the population of Timmy Town is 1000 people and the working-age population is 800. If 200 of these people are unemployed, the unemployment rate in Timmy Town is
A) 1/4 100.
B) 1/5 100.
C) 1/8 100.
D) 2 percent.
E) There is not enough information provided to calculate the unemployment rate.
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