An increase in which of the following variables will cause a reduction in the amount of money individuals wish to hold in the current period?
A) current income
B) the current nominal interest rate
C) the current real interest rate
D) expected future income
E) all of the above
B
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Time spent filling out tax forms, time spent keeping tax records, and government resources spent to enforce tax laws are examples of the __________ of the U.S. income tax system
Fill in the blank(s) with correct word
Consumers who clip and redeem discount coupons:
A. exhibit more price elasticity of demand for a given product than consumers who do not clip and redeem coupons. B. cause total revenue to decrease for firms that issue coupons for their products. C. exhibit less price elasticity of demand for a given product than consumers who do not clip and redeem coupons. D. exhibit the same price elasticity of demand for a given product than consumers who do not clip and redeem coupons.