In the above figure, if a single-price monopolist maximized its profit, the deadweight loss in the market is equal to the area

What is the Lucas critique, and why was it so important to macroeconomists in the 1970s?

What will be an ideal response?

Historical evidence is that net investment usually responds ________ to changes in output growth, which ________ predicted by the simple accelerator model

A) instantaneously, is B) instantaneously, is not C) with a lag, is D) with a lag, is not