« previous next »

Author Question: When the money supply increases by 5 billion, tax revenues are 10 billion, and government borrowing ... (Read 76 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 30, 2018
When the money supply increases by 5 billion, tax revenues are 10 billion, and government borrowing is 30 billion, government spending must equal:
 a. 10 billion.
  b. 15 billion.
  c. 20 billion.
  d. 35 billion.
  e. 45 billion.

Question 2

Shaina and Mariah have a business that provides personal fitness training services. They know that after raising their prices from 100 to 150 per hour, the quantity of hours they spent delivering training services fell from 45 to 40 hours per week. The demand for their services is:
 a. elastic, with a price elasticity coefficient greater than one.
  b. elastic, with a price elasticity coefficient less than one.
 c. inelastic, with a price elasticity coefficient greater than one.
  d. inelastic, with a price elasticity coefficient less than one.


komodo7

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Species richness increases with island size. Species richness increases with island size.
An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
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
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Grade 1 learn Canadian money Grade 1 learn Canadian money
Video: Audiology

For a complete list of videos, visit our video library