When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.

In the figure above, suppose the market is at equilibrium. Then area A is the

A) marginal benefit. B) marginal cost. C) amount of the consumer surplus. D) amount of the producer surplus. E) deadweight loss.

Describe the elasticity of demand that each of these gas stations faces

What will be an ideal response?