If a tax generates a reduction in surplus that is exactly offset by the tax revenue collected by the government, the tax does not have a deadweight loss

Higher interest rates will tend to reduce aggregate demand, other things being equal

a. True b. False Indicate whether the statement is true or false

After the First World War, Germany experienced an economic condition that can be best described as:

A. unanticipated inflation. B. cost-push inflation. C. hyperinflation. D. anticipated inflation.