When demand is perfectly inelastic the buyer pays _____ of a tax.
A. all
B. most
C. half
D. less than half
A. all
Economics
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Compare and contrast the financial crises in Mexico in 1994 and in Asia in 1997
What will be an ideal response?
Economics
At a given price level, an increase in stock market wealth will shift the aggregate demand curve:
A) rightward. B) leftward. C) both. D) none of the above.
Economics
If policymakers decrease aggregate demand, then in the short run the price level
a. falls and unemployment rises. b. and unemployment fall. c. and unemployment rise. d. rises and unemployment falls.
Economics
Each of these is an industrial union except
A. the steel workers' union. B. the auto workers' union. C. the teamsters' union. D. the musicians' union.
Economics