If there exists a shortage in the market for snowmobiles, then the price of a snowmobile will

To shift the RS curve rightward as illustrated, the Fed has ________ government securities in the open market. The Fed will undertake this type of policy if it is concerned about ________

A) sold; recession B) sold; inflation C) bought; recession D) bought; inflation E) None of the above answers is correct.

Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, he would have paid an additional ________ in income tax

A) $665 B) $945 C) $1,000 D) $1,330