Refer to the information provided in Table 24.7 below to answer the question(s) that follow.
Table 24.7All Numbers are in $ Million
Refer to Table 24.7. Assuming constant MPC, at income of $1,300 million, saving is $________ million, at income of $1,500 million, saving is $________ million.
A. 190; 230
B. 170; 210
C. 180; 220
D. 195; 235
Answer: C
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Given this information, which of the two banks is more prone to bank runs and why?
Which of the following is true?
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How many Federal Reserve Banks are there?
A) 7 B) 12 C) 15 D) 5500 (approximately)
The government proposes a tax on flowers in order to boost its revenue. Consumers will bear all of this tax if the:
a. demand for flowers is perfectly inelastic. b. supply of flowers is perfectly inelastic. c. demand for flowers is perfectly elastic. d. demand for flowers is unit elastic.