Other things being equal, the less elastic demand is: a. the ...

[Lobcity]

Other things being equal, the less elastic demand is:
 a. the lower the deadweight loss is resulting from the imposition of a given tax on a product.
  b. the greater the burden is of the tax borne by consumers.
 c. the greater the tax revenue collected by the government is.
 d. all of the above

Question 2

To what extent should monetary policy be used to fine-tune the economy?

[Anonymous]

Answer to Question 1

d

Answer to Question 2

As a fine-tuning strategy, it is unlikely to be effective; there are too many other variables in the marketplace, and our predictive models are not that accurate for forecasting the future of the economy.

[Lobcity]

YES! Correct, THANKS for helping me on my review

[mochi09]

Thanks for the timely response, appreciate it