Suppose the government of Southie imposes a per-unit sales tax on buyers in the market for jam and jellies. Which of the following is most likely to be an outcome of the tax?
a. A decrease in the market equilibrium price of jam and jellies
b. An increase in the quantity demanded by consumers
c. An increase in government revenue by an amount equal to the deadweight loss
d. An increase in the demand for jams and jellies
a
Economics
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If the growth rates of nominal GDP and real GDP in an economy are 6% and 2% respectively, the inflation rate in the economy must be:
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When banks hold more reserves than are required, such reserves are called
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