If the market price of a good is $150 and the supply price of the good is $70, what is the producer surplus if any?
A. $150
B. $70
C. $220
D. $80
E. $0
Answer: D
Economics
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The most volatile component of GDP over the business cycle is
a. consumption. b. net exports. c. investment. d. government purchases.
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Based on this graph, the multiplier effect ______.
a. increases aggregate demand by $20 billion
b. increases aggregate demand by $30 billion
c. decreases aggregate demand by $10 billion
d. decrease aggregate demand by $20 billion
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