If expected inflation were 2%, and teh real interest rate was 5%, what sector would be worse off if the actual inflation rate turned out to be 6%

What is the only policy instrument the Fed really can control directly and precisely?

A) short-term interest rates B) the money supply C) high-powered money D) corporate tax rates

The burden of a tax will fall primarily on sellers when the

a. demand for the product is highly inelastic and the supply is relatively elastic. b. demand for the product is highly elastic and the supply is relatively inelastic. c. tax is legally (statutorily) imposed on the seller of the product. d. tax is legally (statutorily) imposed on the buyer of the product.