In the above figure, if output is 30 units, then the total deadweight loss is

Regarding the output growth slowdown during the 1970s and 1980s, it is true that

a. the slowdown took place in the U.S. but not other developing countries. b. the primary determinant of the slowdown was lower labor productivity growth. c. increases in capital formation did not offset some of the slowdown in labor productivity growth. d. both b and c.

In which of the following relationships does the intercept have a real-world interpretation?

A) the relationship between the change in the unemployment rate and the growth rate of real GDP ("Okun's Law") B) the demand for coffee and its price C) test scores and class-size D) weight and height of individuals