The financial system is important because it helps to match one person's _____ with another person's _____

Evidence from the time period 1960-1980 indicates that inflation in the United States resulted from

A) an employment target that was set too high. B) the government's inability to sell bonds to the Fed. C) an expansion in the money supply to finance federal government expenditures. D) the excessive sale of government bonds to the public.

A tax is regressive if it collects a:

a. larger amount as income rises. b. constant amount as income rises. c. smaller fraction of income as income falls. d. smaller fraction of income as income rises.