Refer to Figure 4-15. How much of the tax is paid by buyers?

In the recent Global Economic Crisis, the end of cash-out mortgage refinancing caused

A) LM curve to shift to the right. B) LM curve to shift to the left. C) IS curve to shift to the left. D) LM curve to shift to the right.

Compared to those with higher incomes, low-income families are more likely to

a. be headed by a person between 35 and 55 years of age. b. have both a husband and a wife in the labor force. c. be single-parent families. d. be headed by a college graduate.