If a nation has high and persistent inflation, the most likely explanation is a. the government imposing excessive levels of taxation O b. unions bargaining for excessively high wages Oc. the government creating excessive amounts of money Od. firms using their market power to enforce excessive price hikes

Price NA GOREN $20 18 16 14 10 D DAfter Tax 0 10 20 30 40 50 60 70 80 90 Quantity According to the graph, the price sellers will receive after the tax is imposed is $18.00. $14.00. $12.00. $8.00.

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Compatibility Mode - Saved to this PC rences Mailings Review View Help A Aa- Ap 南 T AaBbCcI AaBbCCI AaBbC A aB AABBCCE T Normal T No Spac. Heading 1 Title Subtitle Styles Paragraph Chapter o: Government roncies In the passage below about price ceilings and floors, certain important words have been removed and placed in the table on the right. Indicate where each of the terms ought to go in the passage, by placing the number of the gap in the table on the right. 1. A (1) is also known as Above minimum price. It makes sure that the price remains high in order to help out Below (2) of the product. In order to be effective, it must be set Consumers (3) the equilibrium price. (4), which It results in a is also known as excess supply. An example of this type of price control is a Minimum wage Price ceiling (5). On the other hand, a (6) is also known as a maximum price. It makes sure that the price Price floor remains low in order to help out Producers (7) of the product. In order to be…

Country has high and long-lasting inflation, the most likely reason is excessive money creation monoploy power excessive taxes unions barginging for higher pay   a. monopoly power.   b. excessive money creation.   c. excessive taxes.   d. unions bargaining for higher pay.

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When a tax is collected from the buyers in a market,. a. the tax burden falls most heavily on the buyersb. the buyers bear the burden of the taxc. the sellers bear the burden of the taxd. the tax burden on the buyers and sellers is the same as an equivalent tax collected from the sellers

I# u tax Muvenu will be. Size is AB. then te tax 22 16 10 6. Demand 2. 00 600 a) $600 b) $ 800 5500 e)$700

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