Compared to a single-price monopoly, a perfectly competitive market with the same costs produces ________ output and has a ________ price

An increase in government purchases, an increase in the interest rate, and an increase in consumption all shift the aggregate expenditure line upward

a. True b. False

For the purpose of analyzing the gains and losses from a tax on a good, we use tax revenue as a direct measure of the

a. government's benefit from the tax. b. government's loss from the tax. c. deadweight loss of the tax. d. overall net gain to society of the tax.