In 2009, the U.S. government's budget deficit increased substantially. Other things the same, this means the
a. supply of loanable funds shifted to the right.
b. supply of loanable funds shifted to the left.
c. demand for loanable funds shifted to the right.
d. demand for loanable funds shifted to the left.
b
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Why do governments want to maintain the health of the banking system?
What will be an ideal response?
When the Fed decreases the required reserve ratio, then the:
a. ability of banks to make loans is restricted. b. ability of banks to make loans is enhanced. c. ability of banks to make loans is unaffected. d. interest rate that banks pay to the Fed to borrow money is reduced. e. interest rate that banks pay other banks to borrow money is decreased.
The demand for bread is likely to be more elastic than the demand for solid-gold bread plates
a. True b. False Indicate whether the statement is true or false
What are the two important programs in practice in America that strongly resemble a negative income tax?
What will be an ideal response?