In the figure above, the equilibrium market price is $20. The producer surplus equals

A government budget deficit is

A) an excess of government spending over government revenues during a given time period. B) a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period. C) the total value of all outstanding federal government securities. D) all federal government debt irrespective of who owns it.

During the Federal Bank Holiday ordered by President Roosevelt

a. new supplies of gold were distributed to the banks. b. a national monetary commission was set up. c. the banks were inspected. d. the leadership of the Federal Reserve System was replaced.