When unemployment rises above the natural rate it reflects the existence of ____ unemployment

________ is the value of a good minus the price paid for it summed over the quantity bought

A) Producer surplus B) Consumer surplus C) Surplus D) Shortage

Assume government policy increases the demand for corn

A) The consumer surplus of corn buyers will increase. B) The producer surplus of corn growers will decrease. C) The producer surplus of corn growers will increase. D) The producer surplus of corn growers will not change.