The figure above shows the demand curve, marginal revenue curve, and marginal cost curve. The amount of consumer surplus when the market has a monopoly producer is

Which of the following best describes the idea of a political business cycle?

a. Politicians have a bias to cut taxes and increase government spending. b. Special interests result in alternating federal deficits. c. Politicians will use fiscal and monetary policy to cause output, real incomes, and employment to be rising prior to elections. d. Good intentions of politicians influence the business cycle.

Available evidence indicates that stock prices, even if not exactly a random walk, are very close to a random walk

a. True b. False Indicate whether the statement is true or false