To derive the labor market demand curve, the labor demand curves for each firm in the output market of interest are summed

Keynes' speculative demand for money arises because

A) individuals are continually trying to maximize their wealth and income. B) money is necessary to finance transactions. C) there are costs to switching between money and interest-earning assets. D) capital gains on bonds held can be made when interest rates are rising.

A per unit subsidy increases both consumer and producer surplus, but results in a deadweight loss

Indicate whether the statement is true or false