Which of the following statements about the liquidity of the assets in the monetary aggregates is true?

a) the assets in m2 are more liquid than the assets in m1.
b) the only liquid asset in the monetary aggregates is currency.
c) the assets in upper m 1 are more liquid than the assets in upper m 2.
d) all of the assets in the monetary aggregates have equal liquidity.

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.