Fiscal policy in the United States is hampered by its particularly long ________ lag

In the above figure, at the equilibrium price and quantity, producer surplus is ________

A) $90 B) $60 C) $45 D) $30

Economists believe that government regulation to prevent companies from making false or deceptive claims may be justified when:

A. consumers already have complete information about the product due to other market forces. B. the equilibrium quantity and price are lower than they would be if consumers had complete information. C. the equilibrium quantity and price are higher than they would be if consumers had complete information. D. the equilibrium quantity and price are equal to the values they would take if consumers had complete information.