In the above figure, in order to promote an efficient allocation of resources, the government could grant a subsidy equal to

The question of whether economic growth is desirable is a positive question, easily settled by economic analysis

Indicate whether the statement is true or false

Macroeconomic equilibrium is best described as a situation in which: a. the slope of the aggregate demand curve equals the slope of the aggregate supply curve. b. quantity demanded exceeds quantity supplied

c. quantity demanded equals quantity supplied at a unique price level. d. quantity supplied exceeds quantity demanded at a unique price level. e. quantity supplied equals quantity demanded at a unique price level.