The sum of consumer surplus and producer surplus is called economic surplus

Crowding-out is eliminated when the LM curve is ________, so that expansionary fiscal policy ________ the interest rate

A) vertical, does not affect B) vertical, raises C) horizontal, does not affect D) horizontal, raises

According to the text, critics point out that the costs incurred by firms due to regulations

A) increase production costs. B) lower production costs to the shutdown point. C) reduce taxes too far. D) none of the above.