Refer to the figure above. What is the deadweight loss when the market is perfectly competitive?
A) $0
B) $30
C) $45
D) $90
A
Economics
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The longest and most severe recession in the United States since 1925 began in:
A. 1945. B. 1982. C. 1957. D. 1929.
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The price paid for an option is called the
A) settlement price. B) mark-to-market price. C) option premium. D) call price.
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Explain why the short-run aggregate supply curve has a positive slope.
What will be an ideal response?
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One assumption that changes the equation of exchange into the quantity theory of money is:
A. real output varies with the money supply. B. velocity remains constant. C. price times quantity equals nominal output. D. expectations change with inflation.
Economics