Talking about alternatives is the first step in a process that helps us make better choices about how we use our resources

Refer to the figure above. What is the consumer surplus when the market changes to a monopoly?

A) $30 B) $45 C) $60 D) $90

If the Fed raises its target for the federal fund rate, this indicates that

A) the Fed is pursuing an expansionary monetary policy. B) the Fed is attempting to combat deflation. C) the Fed is pursuing a contractionary monetary policy. D) The Fed is concerned that the growth in aggregate demand is too slow to keep up with potential GDP.