The total accumulated debt of the federal government due to deficit spending is called the:

The Federal Reserve____

a. operates independently from Congress and the President b. consists of representatives who are elected by the American people c. is an agency of the US Treasury Dept, which falls under the Executive Branch of govt d. all

Monopoly pricing prevents some mutually beneficial trades from taking place. These unrealized, mutually beneficial trades are

a. of little concern to society. b. a deadweight loss to society. c. a sunk cost to society. d. also observed in competitive markets.