Author Question: If Julia deposits 2,000 (which she has until now kept in her closet as cash) in her savings account, ... (Read 70 times)

09madisonrousseau09 · **on:** Jun 30, 2018

If Julia deposits 2,000 (which she has until now kept in her closet as cash) in her savings account, then the M1 money supply will decrease.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Ceteris paribus, if the price of jet fuel fell, what effect would it have on the market for air travel?
a. an increase in equilibrium price and an increase in equilibrium quantity.
b. an increase in equilibrium price and a decrease in equilibrium quantity.
c. a decrease in equilibrium price and an increase in equilibrium quantity.
d. a decrease in equilibrium price and a decrease in equilibrium quantity.