During the Great Depression years 1930-1933 there was a very high rate of business failures and defaults, we would expect the risk premium for ________ bonds to be very high

A consumption tax is a tax on

a. goods but not on services. b. the amount of income that people spend. c. the amount of income that people earn. d. the amount of income that people save.

Which is likely to have the larger effect on the CPI, a 2 percent increase in the price of food or a 3 percent increase in the price of diamond rings? Explain