A tax where wealthy people pay a larger percentage of their income than poor people is known as a(n)

If the government restricts the selling of corn so that the quantity is less than the equilibrium quantity, then the policy I. creates a deadweight loss. II. decreases total surplus

A) Only I is correct. B) Only II is correct. C) Both I and II are correct. D) Neither I nor II is correct.

Which of the following conclusions is not supported by the Three-Sector-Model?

a. An increase in a nation's supply of goods and services raises the amount sold per time period and lowers the nation's GDP Price Index. b. An increase in the demand for a nation's currency in the foreign exchange market raises its international value. c. An increase in a nation's real risk-free interest rate increases the willingness and ability of lenders/savers to supply credit to the real loanable funds market, and it decreases the willingness and ability of individuals and companies to borrow/invest. d. An increase in a nation's demand for goods and services within the Classical range usually leads to a strong decrease in the unemployment rate.