If the Fed sells bonds, we should expect to see the money supply
a. decrease, the interest rate increase, autonomous consumption decrease, business investment decrease, and real GDP decrease
b. increase, the interest rate decrease, autonomous consumption decrease, business investment decrease, and real GDP decrease
c. increase, the interest rate decrease, autonomous consumption increase, business investment increase, and real GDP increase
d. decrease, the interest rate decrease, autonomous consumption increase, business investment increase, and real GDP decrease
e. decrease, the interest rate increase, autonomous consumption increase, business investment increase, and real GDP increase
A
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A single-price monopoly transfers
A) consumer surplus to producers. B) producer surplus to consumers. C) economic profit to consumers. D) economic profit to the government. E) economic profit to deadweight loss.
In which of the following countries are taxes (measured as a percentage of GDP) the lowest?
a. Canada. b. France. c. Sweden. d. The United States.