If you are living in a period of continued high inflation on a fixed income, the cost of the goods and services you buy ____ and your nominal income ____

In 2014, which type of tax raised the most revenue for the U.S. federal government? Which type of tax raised the most revenue for state and local governments?

What will be an ideal response?

While demand shifts have an effect on equilibrium price and quantity, supply shifts have no such effect

a. True b. False Indicate whether the statement is true or false