Author Question: Refer to the figure above. The region BAH represents the ________. A) consumer surplus after ... (Read 51 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
Refer to the figure above. The region BAH represents the ________.
 
  A) consumer surplus after taxation
  B) tax incidence on consumers
  C) tax incidence on producers
  D) deadweight loss due to taxation

Question 2

By itself, a supply shock, such as a hike in the price of oil, can
 
  A) cause real GDP to permanently decrease year after year.
  B) not result in persisting inflation.
  C) be inflationary as long as there is no policy response.
  D) result in persisting inflation if aggregate supply persistently increases.
  E) result in a persisting wage-price spiral.



Zack0mack0101@yahoo.com

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

For a complete list of videos, visit our video library