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Author Question: Given an upward sloping supply curve, the more inelastic is demand, the greater the fraction of the ... (Read 55 times)

rl

  • Hero Member
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  • Posts: 579
on: Jun 30, 2018
Given an upward sloping supply curve, the more inelastic is demand, the greater the fraction of the burden of taxation that is borne by consumers.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The money supply contracts when the Fed:
 a. replaces worn and ripped Federal Reserve notes.
  b. sells government securities.
 c. borrows from the U.S. Treasury.
 d. purchases equities in major U.S. corporations.


millet

  • Sr. Member
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  • Posts: 354
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

b


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