A unit tax placed on demanders causes the supply curve to shift downward, shifting part of the tax burden to supplier in the form of lower prices and quantity

Well-functioning financial markets promote

A) inflation. B) deflation. C) unemployment. D) growth.

A competitive equilibrium is a state of affairs in which

A) markets clear, and output is maximized. B) output is maximized, and all agents are equally well-off. C) all agents are equally well-off and agents are price-takers. D) economic agents are price takers and markets clear.