Federal Reserve Board Chairmen Paul Volcker, Alan Greenspan, and Ben Bernanke all have focused on which of the following as their main goal of monetary policy?

Which is a better outcome for income and standard of living levels for large nations?

a. no tariffs b. low tariffs c. high tariffs d, equal tariffs for all nations

If the supply of automobiles becomes more inelastic, then a tax on automobiles is

A) paid more by the buyers after the change than before. B) paid more by the sellers after the change than before. C) always split evenly between the buyers and the sellers. D) paid more by the government after the change than before. E) always paid entirely by the buyers.