This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the government fiscal deficit equals 78 billion, government borrowing equals 38 million, and tax ... (Read 73 times)

futuristic

  • Hero Member
  • *****
  • Posts: 638
on: Jun 30, 2018
If the government fiscal deficit equals 78 billion, government borrowing equals 38 million, and tax revenue equals 92 billion, what is the value of the change in the money supply?
 a. 40 billion
  b. 132 billion
  c. 18 billion
  d. 208 billion
  e. 78 billion

Question 2

When demand is elastic:
 a. price elasticity of demand is greater than one.
 b. consumers are relatively responsive to changes in price.
 c. the percentage change in quantity demanded resulting from a price change is greater than the percentage change in price.
  d. all of the above are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


futuristic

  • Hero Member
  • *****
  • Posts: 638
Reply #2 on: Jun 30, 2018
Correct answers!


C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Earth’s Oldest Preserved Rocks – 3.8 Billion Years Old, Greenland Earth’s Oldest Preserved Rocks – 3.8 Billion Years Old, Greenland
Earth 240 Million Years Ago Earth 240 Million Years Ago
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library