The loss associated with the fact that at the profit-maximizing quantity consumers value the goods more than it cost to produce them is called

An example of a discretionary fiscal stimulus policy is

A) decreasing government expenditure. B) the automatic increase in needs-tested spending during a recession. C) decreasing needs-tested spending. D) cutting taxes. E) induced taxes.

If the population increases, then potential GDP ________ and employment ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases