This topic contains a solution. Click here to go to the answer

Author Question: Which of the following best explains the source of consumer surplus for Good A? a. Many consumers ... (Read 47 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
Which of the following best explains the source of consumer surplus for Good A?
 a. Many consumers pay prices that are greater than the equilibrium price of Good A.
 b. Many consumers would be willing to pay more than the market price for some units of Good A.
  c. Many consumers think the market price of Good A is greater than its cost.
 d. Many consumers of Good A place a value on it that is less than the market price.

Question 2

Which of the following is true?
 a. When increased government purchases or expansionary monetary policy does give the economy a boost, no one knows precisely how long it will take to do so.
  b. Given the difficulties of timing stabilization policy, an expansionary monetary policy intended to reduce the severity of a recession may instead add inflationary pressures to an economy that is already overheating.
  c. If velocity changes, but it moves in a fairly predictable pattern, the connection between money supply and GDP is still fairly predictable.
  d. All of the above are true.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Answer to Question 1

b

Answer to Question 2

d




APUS57

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
Wow, this really help


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

For a complete list of videos, visit our video library