Author Question: In the figure above, an increase in the monetary base would create a change such as a A) movement ... (Read 63 times)

rlane42 · **on:** Jun 29, 2018

In the figure above, an increase in the monetary base would create a change such as a

A) movement from point a to point b along the supply of money curve MS0.
B) movement from point b to point a along the supply of money curve MS0.
C) shift from the supply of money curve MS0 to the supply of money curve MS1.
D) shift from the supply of money curve MS1 to the supply of money curve MS0.

Question 2

The amount of a tax paid by the sellers will be smaller the more ________ the demand and the more ________ the supply.

A) elastic; inelastic
B) inelastic; elastic
C) inelastic; inelastic
D) elastic; elastic