Which of the following is a bank liability?

Supply-side economists argue cuts in tax rates

A) always reduce tax revenues. B) may increase tax revenues. C) always increase budget deficits. D) have no effect on tax revenues.

In the short run, a price increase in the goods and services market measured by the CPI will: a. increase the purchasing power of money

b. improve producer profits and, thereby, induce suppliers to expand output. c. increase resource prices, lower profits, and lead to a decline in output. d. reduce the natural rate of unemployment.