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Author Question: Other things being equal, the less elastic demand is: a. the lower the deadweight loss is resulting ... (Read 72 times)

Lobcity

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on: Jun 30, 2018
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?


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Anonymous

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Reply #1 on: Jun 30, 2018
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

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

shailee

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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