Refer to above figure. Given a tariff of $3 per unit, what is the country's consumer surplus?

Monetarists emphasize

a. crowding-out but not the liquidity trap. b. crowding-out and the liquidity trap. c. the liquidity trap but not crowding-out. d. neither crowding-out nor the liquidity trap.

The demand curve faced by a monopolistic ally competitive firm:

A. Is more elastic than the monopolist's demand curve B. Is less elastic than the monopolist's demand curve C. Will shift outward as new firms enter the industry D. Is more elastic than the demand curve faced by the purely competitive firm