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 22 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?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

President-elect Barack Obama 150 million tiny carbon nanotubes President-elect Barack Obama 150 million tiny carbon nanotubes
H. erectus migrated out of Africa beginning about 1.8 million years ago and is first known from Geor H. erectus migrated out of Africa beginning about 1.8 million years ago and is first known from Geor
Shifts between Warm and Cold Periods during the Last 3 Million Years Shifts between Warm and Cold Periods during the Last 3 Million Years
Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out
Government in America: People, Politics, and Policy, AP Government in America: People, Politics, and Policy, AP
Presidential success under unified and divided government, from Eisenhower to trump Presidential success under unified and divided government, from Eisenhower to trump
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library