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.

During the 2000-2009 decade,

a. the economic freedom rating of the United States fell, but the growth rate of real GDP was more rapid than in recent decades. b. the economic freedom rating of the United States increased and the growth of real GDP was more rapid than that of recent decades. c. the economic freedom rating of the United States fell and the growth of real GDP was less rapid than that of recent decades. d. the economic freedom rating of the United States increased but the growth of real GDP was less rapid than that of recent decades.

The supply curve of reserves has two kinks in it: one at the _________________ and the other at the ____________________ rate

A) interest rate that the Fed pays on reserves; discount B) federal funds rate; discount C) prime rate; discount D) discount rate; federal funds rate