The deregulation of thrift institutions in the 1970s and 1980s have made their deposits and thus their ability to finance mortgages ________ sensitive to movements in the market interest rate, thus ________ the monetary policy multiplier

An income tax system where higher tax rates are applied to increased amounts of income is called a:

A) regressive tax system. B) proportional tax system. C) progressive tax system. D) flat tax system.

Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.

A. higher; higher B. higher; potential C. lower; higher D. lower; potential