Author Question: During the Great Depression, economists first began studying the relationship between A) changes ... (Read 40 times)

luvbio · **on:** Jun 29, 2018

During the Great Depression, economists first began studying the relationship between

A) changes in nominal GDP and changes in real GDP.
B) changes in aggregate expenditures and changes in GDP.
C) changes in stock prices and changes in price controls.
D) changes in GDP and changes in interest rates.

Question 2

Refer to Figure 16-3. Suppose Chantal practices price discrimination. Which of the following statements is true?

A) By charging different prices in markets A and B, Chantal can transfer some producer surplus into economic profit.
B) Chantal's profits will be higher if she has uniform pricing instead of different prices for different groups of customers.
C) By charging a higher price in market B, Chantal has transferred some of the consumer surplus from customers in market B to customers in market A.
D) By charging a higher price in market B, Chantal can convert some consumer surplus into economic profit.