Cortez was one of the leading explorers from _____

The division of the burden of a tax between buyers and sellers in a market is called tax incidence

Indicate whether the statement is true or false

Which of the following would cause an increase in M1?

A) a reduction in the required ratio of reserves to deposits B) an increase in the discount rate C) an open market operation where the Fed buys bonds D) all of the above E) none of the above