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Author Question: Graphically, consumer surplus is measured by: a. the area below the demand curve. b. the area below ... (Read 92 times)

jake

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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


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laurnthompson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


jake

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

blakcmamba

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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