In a self-regulating economy, wages will fall and prices will rise when there is an inflationary gap

According to this Application, the federal government's assuming the debts of the state governments that had been incurred during the Revolutionary War was seen as a way to

A) force states to be dependant on the federal government. B) prevent rapid inflation. C) balance the federal budget. D) strengthen the federal government.

When a firm practices perfect price discrimination,

a. Consumer surplus is maximized b. Producer surplus is minimized c. Producer surplus is maximized d. None of the above