Consumers may benefit more than sellers from a subsidy to sellers if:
A. Consumers can never benefit more than sellers from a subsidy to sellers.
B. the demand curve is relatively less elastic than the supply curve.
C. they deserve the subsidy more.
D. the demand curve is relatively more elastic than the supply curve.
Answer: D
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A bank is said to have enough liquidity if:
A) it has enough funds to conduct its day-to-day businesses and meet the regulatory requirements. B) the value of its assets exceeds the value of its liabilities by at least $50,000. C) it operates for seven days a week for more than 12 hours a day. D) it holds deposits amounting to at least $100,000.
The curve shown in the figure above is the
A) potential GDP curve. B) Phillips curve. C) aggregate supply curve. D) demand for money curve. E) aggregate demand curve.