Budget maximization results in a budget equal to that desired by the median voter

Stagflation is a combination of ________ real GDP and a ________ price level

A) decreasing; falling B) decreasing; rising C) increasing; rising D) no change in; rising E) increasing; falling

If the government implements a price ceiling on insulin, this will have all of the following effects on the market for insulin except

A) an increase in deadweight loss. B) a decrease in producer surplus. C) a more efficient equilibrium. D) a decrease in economic surplus.