Author Question: The area between the market price and the demand curve provides a measure of: a. consumer surplus. ... (Read 73 times)

Collmarie · **on:** Jun 30, 2018

The area between the market price and the demand curve provides a measure of:
a. consumer surplus.
b. producer surplus.
c. consumer surplus plus producer surplus.
d. marginal utility.

Question 2

Which of the following would cause the U.S. money supply to expand?
a. a commercial bank using excess reserves to extend a loan to a customer
b. a commercial bank purchasing U.S. securities from the Fed as an investment
c. an increase in reserve requirements
d. an increase in the discount rate