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 78 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?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ... How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ...
Government Corruption versus GDP per Capita, 2009 Government Corruption versus GDP per Capita, 2009
American Government: Roots and Reform, 2009 Edition American Government: Roots and Reform, 2009 Edition
Presidential success under unified and divided government, from Eisenhower to trump Presidential success under unified and divided government, from Eisenhower to trump
Video: Fermentation - When Oxygen Is Absent, Pyruvate to Lactate & Pyruvate to Ethanol

For a complete list of videos, visit our video library