During the antebellum period, U.S. consumers increased their demand for mass-produced, standardized and simple goods

In the figure above, with no government involvement and if the colleges are competitive, what is the deadweight loss?

A) $12 billion per year B) $6 billion per year C) $4 billion per year D) zero

A depreciating currency makes foreign inputs cheaper and shifts the aggregate supply curve outward

a. True b. False Indicate whether the statement is true or false