____ occurs when a consumer's quantity demanded for a good decreases because a ____ number of consumers purchase the same good

If a government wants to maximize revenues from a tax it should

A) impose it on sellers. B) impose it on consumers. C) choose a good with a relatively elastic demand. D) choose a good with a relatively inelastic demand.

Which of the following is NOT true with fixed exchange rates and perfect capital mobility?

A. Sterilization is impossible. B. Monetary policy is very powerful only in the short run. C. Monetary policy is not effective in either the long run or the short run. D. Fiscal policy is very powerful.