Instrument independence is the ability of ________ to set monetary policy ________

Explain how each of the following events would affect the aggregate demand curve

a. Lower interest rates b. A decrease in net exports c. A decrease in the price level d. Slower income growth in other countries e. A decrease in imports What will be an ideal response?

There will be no deadweight loss if the marginal benefit to consumers is equal to the marginal cost of production and the sum of consumer surplus and producer surplus is maximized

Indicate whether the statement is true or false