If the firm in Figure 17-4 above maintains its set price of P0, rather than dropping price to P1, the welfare loss to society due to this decision is
A) J + K.
B) K - G.
C) G + H.
D) H + K.
E) F + G + H.
D
Economics
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If aggregate demand is less than the level of aggregate output, then ________ inventory investment will be ________
A) planned; positive B) actual; positive C) actual; negative D) planned; negative
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A decrease in the price level, holding the nominal money supply constant, will shift the LM curve
a. upward and to the right. b. downward and to the left. c. downward and to the right. d. upward and to the left.
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