The equilibrium price level and the equilibrium level of real GDP are jointly determined by the intersection of the economy’s aggregate supply and aggregate demand schedules.

The figure above shows the market for coffee If the government pays the coffee producers a subsidy and production increases to 30 million pounds per day, the deadweight loss is

A) zero. B) $7.5 million. C) $15 million. D) $10 million.

The Keynesian viewpoint is that the investment curve is highly responsive to the changes in the rate of interest

a. True b. False Indicate whether the statement is true or false