The figure illustrates the market for bagels. If the number of bagels is increased from 20 to 30 an hour, consumer surplus plus producer surplus ________ and deadweight loss is ________

A) decreases; negative
B) decreases; positive
C) increases; positive
D) increases; negative


B

Economics

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The expenditure line in the aggregate expenditures diagram represents the

A. relationship between expenditure and output. B. equilibrium condition that Y = AE. C. equilibrium condition that Y = Y*. D. relationship between consumption and disposable income.

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A country in autarky does not trade

Indicate whether the statement is true or false

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Each Federal Reserve Bank

a. is directly responsible to the U.S. president. b. is controlled by its own Board of Governors. c. lacks autonomy. d. handles a district of equal geographic size.

Economics

Figure 17-10


Refer to . Producer surplus with the tariff is
a.
G.
b.
C + G.
c.
A + C + G.
d.
A + B + C + G.

Economics