What will happen to the land rents accruing to your local merchants if firms selling their products on the Internet are not required to collect state sales taxes on their customers' purchases?

Aggregate demand is the relationship between the quantity of real GDP demanded and the ________

A) price level B) money wage rate C) real wage rate D) nominal GDP demanded

Society might argue that there are cases in which it is appropriate to resist price increases in situations where scarcity is serious. Included would be the case of

a. unrestrained monopoly that would otherwise succeed in gouging the public. b. taxes imposed on products capriciously and inappropriately. c. rising prices falling so heavily on the poor that rationing becomes preferable. d. All of the above are correct.