Consumers face a higher tax burden when demand is more elastic, other things constant
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When Federal Reserve Banks add to their holdings of government securities,
A) commercial banks must reduce their net lending. B) commercial bank reserves increase. C) the Fed is extending less credit to the economy. D) the stock of money declines.
Economics
Suppose a judge is trying to decide whether, as a matter of fact, homeowners currently possess the right to prevent airplanes from flying low over their houses. The judge's ruling is correct if his decision results in
A) a fall in the market value of the houses. B) a rise in the market value of the house. C) no change in the market value of the houses. D) uncertainty about the market value of the houses.
Economics