Refer to Figure 9.2. At price 0H and quantity Q1, the deadweight loss is
A) DGC.
B) BDC.
C) BGC.
D) 0FGQ1.
E) none of the above
C
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If the aggregate demand curve shifts ________ faster than the long-run aggregate supply curve, then ________ occurs
A) leftward; economic growth B) leftward; inflation C) rightward; economic growth D) rightward; inflation
If a panic causes Indian depositors to withdraw their money from Japanese banks, it would cause the Japanese Yen to ___________, since the supply of Yen has increased
a. Appreciate b. Depreciate c. Not change in value d. None of the above
The Fed's responsibilities include controlling the money supply, clearing checks, and supervising and regulating banks
a. True b. False Indicate whether the statement is true or false
If S1 moves to S2 and D1 moves to D2, which of the following would happen?
a. P1 would move to P2.
b. P2 would move to P1.
c. Q2 would move to Q1.
d. E1 would be indeterminate.