The total producer surplus enjoyed by all sellers in a market
a. exceeds the market price
b. is measured by the area below the market supply curve
c. is called market producer surplus
d. is the area below the market demand curve minus the area below the market supply curve
e. is the area below the market supply curve minus the area below the market price
C
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Which of the following is a problem in pursuing monetary policy?
A) The lag between a change in the quantity of money and its effect on economic activity may be long. B) The Fed must reveal to the public anytime the Fed changes its policy. C) Monetary policy must be approved by the Congress. D) The Fed cannot control the federal funds rate. E) None of the above answers is correct.
Which of the following is most liquid?
A) a share of stock B) a corporate bond C) a government bond D) a $100 bill
Does the presence in the real world of intraindustry trade prove or disprove the classical or Heckscher-Ohlin models? Explain
What will be an ideal response?
Monetarists believe that the type of monetary policy that would lead to greater economic stability is
A) a money supply rule. B) a constant money supply. C) a counter-cyclical monetary policy. D) a pro-cyclical monetary policy.