If the federal government tries to make fiscal policy sustainable by increasing seigniorage, the economy would experience ________ and will result in ________ potential GDP

A reduction in unemployment benefits will tend to cause which of the following?

A) an upward shift in the WS curve B) a downward shift in the WS curve C) an upward shift in the PS curve D) a downward shift in the PS curve E) none of the above

Three of the four events described below might reasonably be expected to shift the demand curve for Tacos to a new position. One would not shift the demand curve. The single exception is:

a. a change in people's tastes with respect to Tacos. b. an increase in the money income of beef consumers. c. a widespread advertising campaign undertaken by the producers of a product competitive with Tacos. d. a fall in the price of Tacos.