Direct controls are considered inefficient because all firms are forced to pay the same costs

In recent years, a monetary growth rule has fallen out of favor because

A) the close relationship between movements in M1 and movements in real GDP has become weaker. B) it is believed that active monetary policy destabilizes the economy and makes the business cycle worse. C) the growth rate of GDP has been highly unstable. D) the growth rate of M1 has become more stable.

Market producer surplus is the area above the market price and below the market supply curve

a. True b. False