Author Question: Graphically, consumer surplus is measured by: a. the area below the demand curve. b. the area below ... (Read 93 times)

jake · **on:** Jun 30, 2018

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