Some economists argue that policymakers can use monetary and fiscal policy to reduce the severity of economic fluctuations. What are some things policymakers can do to boost the economy when aggregate demand is inadequate to ensure full employment?

All of the following are keys to economic development EXCEPT

A) establishment of a system of property rights. B) minimizing "creative destruction." C) open economies. D) an educated workforce.

Consumer surplus ________

A) equals total revenue minus marginal cost B) is maximized when the market outcome is efficient C) equals total revenue minus opportunity cost D) plus producer surplus is maximized when resources are used efficiently