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Author Question: ________ would be the source of a real business cycle. A) Unanticipated changes in monetary ... (Read 120 times)

jayhills49

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on: Jun 29, 2018
________ would be the source of a real business cycle.
 
  A) Unanticipated changes in monetary policy B) Anticipated changes in monetary policy
  C) Technology shocks D) all of the above

Question 2

The graph below represents the market for alfalfa. The market price is 7.00 per bushel. Identify the areas representing consumer surplus, producer surplus, and economic surplus.
 
  What will be an ideal response?


sarajane1989

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Consumer surplus is represented by area A.
Producer surplus is represented by area B.
Economic surplus is represented by area A + B.


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