This year, Tyrone earned a total of $9,000 . As a result, he received $9,000 less in government transfers. Therefore, his implicit marginal tax rate is

Which of the following is an accurate statement about price ceilings?

a. They often clarify price signals sent to consumers. b. They often distort price signals sent to producers. c. They often enable price signals to be sent to consumers. d. They often prevent price signals from being sent to producers.

The higher the nominal interest rate:

A. the less money individuals will hold for any given level of transactions and the higher the velocity of money. B. the less money individuals will hold for any given level of transactions and the lower the velocity of money. C. the more money individuals will hold for any given level of transactions and the lower the velocity of money. D. the more money individuals will hold for any given level of transactions and the higher the velocity of money.