Which of the following combinations are unattainable given a consumer's budget line?
a. Combinations that fall inside the budget line
b. Combinations on the midpoint of the budget line
c. Combinations that fall on the budget line
d. Combinations that fall beyond the budget line
e. A combination that intersects either of the axes
d. Combinations that fall beyond the budget line
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When a tax is placed on the sellers of a product, buyers pay
A. more, and sellers receive more than they did before the tax. B. more, and sellers receive less than they did before the tax. C. less, and sellers receive more than they did before the tax. D. less, and sellers receive less than they did before the tax.
Which of the following changes will cause a downward movement along the demand curve for reserves?
A) A decrease in deposits held by banks B) A decrease in the federal funds rate C) An increase in deposits held by banks D) An increase in the federal funds rate