Use the table below to answer the following question.UnitsMarket PriceMinimum Acceptable Price1$10$22104310641085101061014What is the value of producer surplus in the table above?

A. $6
B. $20
C. $54
D. $12

Answer: B

Economics

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There is a potential for banks to create money when they

A) lend out their excess reserves. B) fail to lend out their excess reserves. C) hold more of their customer deposits as vault cash. D) hold all of their customer deposits as vault cash.

Economics

In this graph, at point PL1, price level is ______.


a. high because of a recession
b. low because of a recession
c. unsustainable in the short run
d. unsustainable in the long run

Economics