Refer to the figure below.If a price ceiling were imposed at point G, the loss in total economic surplus would be represented by the area ________.

Some economists believe that a positive aggregate demand shock to an economy with large amounts of excess capacity and unemployment does not necessarily cause an increase in prices. Economists who adhere to this belief are followers of

A) Keynesian economics. B) Say's laws of economics. C) classical economics. D) supply-side economics.

The effects of tax incentive programs such as IRAs and 401(k) accounts suggest that these government programs designed to increase saving lead to ________ in the private capital stock

A) virtually no change B) a slight decrease C) a slight increase D) a significant increase