In the above figure, if the market was a single-price monopoly rather than perfectly competitive, which area shows the transfer of consumer surplus from consumers to producers?
A) A + B
B) C + D
C) C + D + E
D) E + H
B
Economics
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Which of the following is counted as part of M2?
a. Currency. b. Checkable deposits. c. Money-market mutual funds. d. All of these.
Economics
If the CPI was 95 in 1955 and is 475 today, then $100 today purchases the same amount of goods and services as
a. $4.75 purchased in 1955. b. $20.00 purchased in 1955. c. $95.00 purchased in 1955. d. $500 purchased in 1955.
Economics
As the price level falls,
A) the purchasing power of cash holdings rises. B) the purchasing power of cash holdings falls. C) the purchasing power of cash holdings remains constant. D) cash holdings turn into dollar-denominated assets. E) none of the above
Economics
Refer to Exhibit 2-9. Who has the comparative advantage in the production of good A?
 ANSWER 5.png)
Economics