Tax incidence is the actual division of the
A) tax revenues between the federal government and state governments.
B) population into different tax brackets.
C) burden of the tax between buyers and sellers in a market.
D) tax revenues between government agencies.
C
You might also like to view...
Refer to Table 19-6. Consider the table of production and price statistics for a small economy in 2013. If the economy only produces the four goods listed below, what is GDP for 2013?
A) $428,000 B) $267,000 C) $24,000 D) $1,424
Monetary policy will be
a. less effective the higher the interest elasticity of investment, and thus the steeper the IS schedule. b. more effective the higher the interest elasticity of investment, and thus the flatter the IS schedule. c. equally effective regardless of whether or not the interest elasticity of investment is higher or lower, or the IS curve is flatter or steeper. d. more effective with a vertical IS curve.