If a tax shifts the demand curve downward (or to the left), we can infer that the tax was levied on
a. buyers of the good.
b. sellers of the good.
c. both buyers and sellers of the good.
d. We cannot infer anything because the shift described is not consistent with a tax.
a
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Payoffs are:
A. things that are only enjoyed by the winner. B. always monetary. C. bribes made to gain some advantage unfairly during a game. D. the rewards that come from particular actions.
A inflationary gap occurs in the economy when
A) Aggregate demand is perfectly elastic. B) Aggregate demand is greater than full employment output. C) Aggregate demand is greater than potential GDP. D) None of the above.
The Bank Holding Company Act of 1956:
A. significantly broadened the scope of what bank holding companies could do. B. limited bank holding companies to operating only within their chartered state. C. repealed the McFadden Act of 1927. D. limited the scope of bank holding companies in terms of services offered.
The change illustrated in the figure above is part of the transmission process of the Fed's monetary policy
As a result of the increase in the supply of loanable funds, in the short run aggregate demand ________, aggregate supply ________, and potential GDP ________. A) increases; does not change; does not change B) increases; increases; increases C) decreases; increases; increases D) increases; decreases; decreases E) decreases; decreases; decreases