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Author Question: Agreeing with Keynesian economists, monetarists believe that the economy is subject to ... (Read 59 times)

fahad

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on: Jun 30, 2018
Agreeing with Keynesian economists, monetarists believe that the economy is subject to disequilibrium that must be corrected by government action.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When a good is taxed, the tax burden
 a. falls disproportionately on the side of the market that is more elastic.
 b. falls disproportionately on the side of the market that is more inelastic.
 c. falls disproportionately on the side of the market that is closer to unit elastic.
  d. is not impacted by the relative elasticities of supply and demand.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Liddy

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


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