Graphically, consumer surplus is measured by: a. the area below ...

[jake]

Graphically, consumer surplus is measured by:
 a. the area below the demand curve.
 b. the area below the demand curve, but above the upward-sloping supply curve.
  c. the area below the demand curve, but above the market price.
 d. the area below the market demand curve, but above the supply curve.

Question 2

If multiplier effects are ____ than policy makers expect or the natural rate of real output is _____ than expected, monetary policy will tend to overshoot its intended effects.
 a. Greater; greater.
  b. Greater; less
 c. Less; greater
 d. Less; less

[laurnthompson]

Answer to Question 1

c

Answer to Question 2

b

[jake]

Thanks for the timely response, appreciate it

[daiying98]

Gracias!