Author Question: Reaction lag is the term used to express the fact that some time passes before changes in the money ... (Read 63 times)

JGIBBSON

  • Hero Member
  • *****
  • Posts: 538
Reaction lag is the term used to express the fact that some time passes before changes in the money supply are properly translated into changes in real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following statements is correct regarding the imposition of a tax on gasoline?
 a. The incidence of the tax always falls on the buyer.
 b. The incidence of the tax depends upon the price elasticities of demand and supply.
  c. The incidence of the tax always falls on the sellers.
 d. The oil company will ultimately pay.



brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

False

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?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

For a complete list of videos, visit our video library