Graphically, the area that represents the difference between the market price and the minimum price required to induce suppliers to produce a good is called

If the quantity of loanable funds supplied is less than the quantity demanded, then there is a

a. shortage of loanable funds and the interest rate will fall. b. shortage of loanable funds and the interest rate will rise. c. surplus of loanable funds and the interest rate will fall. d. surplus of loanable funds and the interest rate will rise.

Which of the following equations correctly measures GDP in an economy?

A) GDP = C + I + G + X B) GDP = C + net I + G + NX C) GDP = C + I + G + NX D) GDP = C + G + I - taxes