The price level is held constant when moving along the planned expenditures curve

If both nominal and real GDP are increasing when the money supply is constant, than we can conclude that

A) velocity has increased. B) interest rate has fallen. C) velocity has decreased. D) interest rate has increased.

Economists have shown that the burden of a tax is the same whether the tax is collected from the buyer or the seller. Why, then, are gasoline and cigarette taxes imposed on sellers?

A) It is more difficult for buyers to keep track of their purchases, and for the government to verify that the right of amount of tax revenue is collected. B) Sellers are more honest than buyers. C) The demand for both gasoline and cigarettes is very elastic. D) The Equal Protection Clause of the U.S. Constitution prohibits the government from imposing taxes like these on buyers.