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 52 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?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
The DNA from one chromosome has a mass of ~20 billion Daltons The DNA from one chromosome has a mass of ~20 billion Daltons
Government Corruption versus GDP per Capita, 2009 Government Corruption versus GDP per Capita, 2009
American Government: Roots and Reform, AP* Edition, 12th Edition American Government: Roots and Reform, AP* Edition, 12th Edition
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: Pasteur's Experiment

For a complete list of videos, visit our video library