Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

An individual wanting the most liquid asset possible will hold

A) currency. B) a savings account. C) gold. D) U.S. government bonds.

The most accurate quantitative time measure is:

a. Self-report or diary method b. Recall method c. Observation method d. A combination of all of the above methods to allow for cross checks.