A government that generates revenue mostly through an inflation tax faces the risk of:

The federal government's fiscal policy (taxing and spending policy) during the 1920s was one in which

(a) the federal budget was in surplus every year. (b) the federal budget exerted a mildly deflationary impact on the economy, tending to slow overall spending in the economy. (c) Parkinson's third law, "expenditures rise to meet income," seemed to hold for the federal government. (d) all of the above applied.

For a monopsonist, as the number of workers hired increases, the

a. wage rate falls due to the increase in supply b. MLC curve and the labor supply curve get further apart c. MLC curve and the labor supply curve get closer together d. total labor costs fall e. first workers continue to get paid less than the new workers