Refer to Figure 4-3. What is the total amount that Kendra is willing to pay for 2 ice cream cones?

Government expenditures are considered autonomous in the model meaning that changes are the result of:

A) changes in real income. B) changes in inflation. C) changes in unemployment. D) changes in policy decisions.

Deadweight loss is the net loss of:

a. consumer surplus. b. producer surplus. c. disequilibrium surplus. d. both a and b.