In Figure 3-4, for which of the following would this statement be true: “To get more apples we have to give up wheat.” A movement from

Monetary policy affects which of the following variables in the long run?

A) the level of output B) the rate of unemployment C) the rate of inflation D) the real interest rate E) all of the above

The deadweight loss equals the consumer surplus minus the producer surplus resulting from a non-equilibrium price

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