Price serves as a
A) rationing device.
B) transmitter of information.
C) means of determining who gets what of the available limited resources and goods.
D) a and b
E) all of the above
E
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Which of the following is likely to happen to the demand curve for reserves if the federal funds rate increases?
A) The demand curve for reserves will shift to the right. B) The demand curve for reserves will shift to the left. C) There will be an upward movement along the demand curve for reserves. D) There will be a downward movement along the demand curve for reserves.
The graph plotting the tax rate on the horizontal axis and tax revenues on the vertical axis, which was used by supply-side economists to suggest that tax rates were too high, in known as the
A) Beveridge curve. B) Phillips curve. C) Taylor rule. D) Laffer curve.