Refer to the graphs shown. Deadweight loss is the least with the imposition of a given per-unit tax on producers in graphs:

A. C and D.
B. B and C.
C. B and D.
D. A and D.

Answer: C

Economics

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Which of the following is not a consequence of hyperinflation?

A) The price level grows in excess of hundreds of percentage points per year. B) Hyperinflation causes an economy to suffer slow growth. C) Money loses value so rapidly that individuals and firms stop holding it. D) Money's function as a medium of exchange is enhanced.

Economics

Coins and paper money are:

A. credits of commercial banks and savings institutions. B. debts of the federal government and government agencies. C. credits of the federal government and government agencies. D. debts of commercial banks and savings institutions.

Economics