With respect to the corporate taxation of a monopolist, the capital owners bear most of the burden of the tax.
Answer the following statement true (T) or false (F)
False
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Which of the following institutions within the Federal Reserve System determines how many government securities the Fed should buy or sell on a given day?
A) the Federal Reserve Bank of Chicago's Board of Trade. B) the Board of Governors. C) Federal Advisory Committee. D) the Federal Reserve Bank of New York's Trading Desk.
If a cut in prices increases total revenue in the short run, what will it do to total revenue in the long run? a. It will decrease total revenue in the long run
b. It will increase total revenue in the long run. c. It will leave total revenue unchanged in the long run. d. Any of the above results are possible in the long run.
Assume that the distance between the two lines at Y1 equals the distance between the two lines at Y2. Which of the following must be true?
a. The amount businesses at Y1 need to produce to reach equilibrium equals the amount businesses at Y2 need to cut back on production to reach equilibrium.
b. The amount businesses at Y1 need to produce to reach equilibrium equals the amount businesses at Y2 currently maintain in inventory.
c. The amount of unplanned inventory investment businesses have made at Y1 equals the amount of planned inventory investment businesses have made at Y2.
d. The amount of planned inventory investment businesses at Y1 have made equals the amount of unplanned inventory investment businesses at Y2 have made.
Raising the federal funds rate shifts the aggregate demand curve ________ so that real GDP ________ and the price level ________
A) rightward; increases; rises B) leftward; decreases; rises C) rightward; increases; falls D) leftward; decreases; falls E) leftward; increases; rises