Author Question: If the government fiscal deficit equals 78 billion, government borrowing equals 38 million, and tax ... (Read 71 times)

futuristic · **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.

C.mcnichol98 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

d

futuristic · **Reply #2 on:** Jun 30, 2018

Correct answers!

C.mcnichol98 · **Reply #3 on:** Jun 30, 2018

Great! Please up vote

Author Question: If the government fiscal deficit equals 78 billion, government borrowing equals 38 million, and tax ... (Read 71 times)

futuristic

If the government fiscal deficit equals 78 billion, government borrowing equals 38 million, and tax ...

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C.mcnichol98

If the government fiscal deficit equals 78 billion, government borrowing equals 38 million, and tax ...

futuristic

If the government fiscal deficit equals 78 billion, government borrowing equals 38 million, and tax ...

C.mcnichol98

If the government fiscal deficit equals 78 billion, government borrowing equals 38 million, and tax ...