Consumer surplus is represented by the area under the supply curve but above the price
Indicate whether the statement is true or false
false
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Classical economists believe that in the short run
A) money neutrality exists and prices adjust rapidly. B) money neutrality does not exist and prices adjust rapidly. C) money neutrality exists and prices do not adjust rapidly. D) money neutrality does not exist and prices do not adjust rapidly.
The development of money market mutual funds contributed to the growth of ________ since the money market mutual funds need to hold liquid, high-quality, short-terms assets
A) the commercial paper market B) the municipal bond market C) the corporate bond market D) the junk bond market
The real value of any variable is its nominal value:
A. adjusted for inflation. B. holding the base constant. C. adjusting for income. D. holding the basket constant.
Based on the information in this graph showing the deadweight loss for rent controls in the short run, what would happen to the supply of rental units in ten days if a rent control were enacted today?
a. It would increase dramatically.
b. It would remain about the same.
c. It would decrease dramatically.
d. It would increase moderately.