The money supply falls from $1,200 billion to $1,160 billion. According to the simple quantity theory of money, the price level will decline by __________ percent

Refer to the scenario above. The principal in this case is:

A) $300. B) $1,000. C) $1,300. D) $2,300.

Refer to Figure 4-3. What area represents the deadweight loss at P2?

A) G + H B) C + E + H C) C + E D) B + C