Refer to the figure above. The region ABC shows the ________ due to the price ceiling
A) gain in consumer surplus
B) gain in producer surplus
C) deadweight loss
D) economic loss
C
Economics
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Suppose k = 0.25. With a $10 billion decrease in the money supply, the LM curve shifts
A) to the left by $40 billion. B) to the left by $4 billion. C) to the left by $2.5 billion. D) to the right by $0.25 billion.
Economics
Suppose the index of leading economic indicators begins to decline for several months. Which of the following economic events will likely follow?
a. A recession. b. Severe inflation. c. Greater employment. d. Higher investment.
Economics