Author Question: In the figure above, imposing a tax on the product results in a division in which A) all of the ... (Read 66 times)

WWatsford · **on:** Jun 29, 2018

In the figure above, imposing a tax on the product results in a division in which

A) all of the tax is paid by the buyers.
B) all of the tax is paid by the sellers.
C) the buyers and sellers pay the same amount.
D) neither the buyers nor the sellers pay the tax.

Question 2

In recent years, Japan's capital stock has increased by about 6 percent from one year to the next. As a result, we would expect

A) a leftward shift in Japan's aggregate demand curve.
B) a movement up along Japan's short-run aggregate supply curve.
C) only Japan's long-run aggregate supply curve to shift rightward.
D) rightward shifts in both Japan's short-run aggregate supply and long-run aggregate supply curves.