The federal government debt as a percentage of GDP fell during

The above figure shows the U.S. market for replacement cell phone batteries. Area C is the

A) deadweight loss from tariff. B) decrease in consumer surplus due to the tariff. C) increase in producer surplus due to the tariff. D) tariff revenue. E) loss in total surplus because of the tariff.

For this question, assume that individuals do not hold currency (i.e., c = 0). The money multiplier is equal to

A) 1/(1-c). B) 1/[c + ?(1 - c)]. C) [c + ?(1 - c)]. D) 1/?. E) none of the above