If each taxpayer paid the same lump-sum amount regardless of income level, the tax system would be:

What happens in the long run if firms in a monopolistically competitive industry are earning positive economic profits? Explain

What will be an ideal response?

The Federal Reserve's policy reaction function provides information about:

A. economywide money demand and the output gap. B. economywide money demand and the long-run target for inflation. C. the short-run target for inflation and how aggressively target will be pursued. D. the long-run target for inflation and how aggressively targets will be pursued.