Author Question: The change in the money supply in an economy is measured as: a. the difference between the ... (Read 37 times)

cabate · **on:** Jun 30, 2018

The change in the money supply in an economy is measured as:
a. the difference between the government deficit and government borrowing.
b. the sum of a change in high-powered money and the change in tax revenues.
c. the difference between government borrowing and government spending.
d. the ratio of the change in excess reserves to the deposit expansion multiplier.
e. the change in the government budget deficit.

Question 2

Demand is said to be ____ when the quantity demanded is very responsive to changes in price.
a. independent
b. inelastic
c. unit elastic
d. elastic