Economists apply the term "Great Inflation" to which decade?

In the figure above, suppose the market is at equilibrium. Then area A is the

A) marginal benefit. B) marginal cost. C) amount of the consumer surplus. D) amount of the producer surplus. E) deadweight loss.

As the supply curve shifts to the right, the increase in quantity demanded will not depend on the shape of the demand curve

Indicate whether the statement is true or false