It is true that __________ changes in velocity cause __________ changes in real GDP

The deadweight loss of a tax

A) is the transfer of income from households to the government. B) determines the incidence of a tax. C) is part of the total burden of a tax. D) is greater than the total burden of a tax. E) equals the tax revenue collected by the government.

Expansionary monetary policy consists of all of the following EXCEPT

A) open market sales. B) lower interest rates. C) increased monetary base. D) increased money supply.