Afederal law is imposed on gun sellers that all buyers of firearms need to have a background check prior to any transaction. sellers are expected to pay for the background check which costs approximately $1.00 per sale. what is expected to happen to the equilibrium price and quantity of firearms sold in the united states? explain only. no graphing will be required.

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.