If a tariff is imposed on imports of shrimp into the United States, U.S. consumer surplus from shrimp will ________ and U.S. total surplus from shrimp will ________

Why did observers at first believe that the damage from the impending subprime mortgage crisis would be too small to cause a recession?

If firms and workers could predict the future price level exactly, the short-run aggregate supply curve would be

A) upward sloping. B) downward sloping. C) horizontal. D) vertical.