Price is the _____________ a consumer is willing to make to acquire a specific product or service.

Reserves in the banking system ______. banks ______ loans.

Specialization allows a society to produce _____________ goods.

Supply is provided by producers and demand is created by __________ .

The _____ is the consumer's gain from an exchange.

The amount of consumer surplus in the table above is ___________ .

Money-creating transactions of a bank ( _________________ ) directly impact the money supply.

Market, planned, and mixed are three basic types of _____.

Market demand is derived by __________.

M1 __________

Libor is _____ the prime rate.