Refer to Figure 9.7. Because of this policy, total producer surplus including funds received from the government will be at least

What did Adam Smith identify as the source of the invisible hand in 1776?

A) a benevolent central government that decided was best for everyone B) an individual's concern for fellow humans C) an individual's own self-interest D) the stock market E) buyers' and suppliers' concerns to obtain and retain good reputations

Suppose that in Southlandia, frictional unemployment is 2%, structural unemployment is 3%, and cyclical unemployment is 4%. What is the natural rate of unemployment in Southlandia?

a) 2% b) 3% c) 5% d) 9%