Author Question: Reaction lag is the term used to express the fact that some time passes before changes in the money ... (Read 76 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?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library