When the demand for a good is perfectly inelastic, the entire sales tax is paid by the sellers
a. True
b. False
Indicate whether the statement is true or false
False
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If the U.S. government enters the foreign exchange market and purchases dollars to maintain a specific exchange rate with the yen, the dollar will ________ and the yen will ________
A) depreciate; depreciate B) depreciate; appreciate C) appreciate; depreciate D) appreciate; appreciate
The balance of payments ____
a. b and e b. is always zero c. with some nations is different than it is with others d. is negative when the nation runs a trade deficit e. can only be expanded when the government has foreign exchange reserves
An action taken by an informed party to reveal private information to an uninformed party is called
The money demand curve will shift down, if
A) the price level decreases. B) the interest rate decreases. C) the level of aggregate output increases. D) the inflation rate increases.