Supply-side tax cuts also tend to reduce aggregate demand and promote recession

In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents

A) consumer surplus. B) producer surplus. C) deadweight loss. D) marginal revenue.

The real GDP data could be properly thought of as

a. an index of our economic well-being. b. a measure of the total wealth of a nation. c. an index of total output or productive activity. d. an index that measures the size of government.