Credit cards are considered to be part of the money supply.
Answer the following statement true (T) or false (F)
False
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Which of the following decreases the demand for loanable funds and shifts the demand for loanable funds curve leftward?
A) The real interest rate rises. B) The economy experiences a recession. C) Wealth decreases. D) Technology that increases productivity is introduced. E) An economy experiences a rapid increase in population.
According to Freidman and Schwartz, the most important structural change in the banking system to result from the 1933 panic:
a. were laws barring short calls on equities. b. was Federal insurance of bank deposits. c. was an unprecedented increase in regulation. d. was the loss of public confidence.
In the early 1990s, Serbia, a developing country, experienced hyperinflation because its central bank increased the money supply too rapidly. Serbia's central bank most likely adopted this monetary policy because:
A. it didn't care about inflation. B. the Serbian government granted independence to the central bank. C. the Serbian government had no other way to finance its expenditures. D. it believed that its actions would not trigger inflation.
Explain under what conditions supply is very inelastic and elastic.
What will be an ideal response?