What is a deadweight loss or tax burden associated with a tax?
What will be an ideal response?
the difference between the total burden of the tax and the amount of revenue the government receives
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Which of the following best represents the money supply?
A) Money supply = Monetary base. B) Money supply = Monetary base / Money multiplier. C) Money supply = Money multiplier ( Currency in circulation + Reserves). D) Money supply = (Currency in circulation + Reserves) / Money multiplier.
Why is there more than one definition of the money supply? What is the difference between them?
What are the characteristics of perfect competition?
What will be an ideal response?
When the Fed acts as a "lender of last resort", like it did in the financial crisis of 2007-2008, it is performing its role of:
A. Controlling the money supply B. Setting the reserve requirements C. Being the bankers' bank D. Providing for check clearing and collection