In a competitive equilibrium, the total consumer surplus must equal the total producer surplus

A shift of a demand curve to the right, all other things unchanged, will:

A) increase equilibrium price and quantity. B) decrease equilibrium price and quantity. C) decrease quantity and increase price. D) increase quantity and decrease price.

The actions that the Federal Reserve takes to ________ to pursue macroeconomic policy objectives refer to monetary policy

A) manage the money supply and interest rates B) set tax rates C) regulate imports and exports D) establish exchange rates