Monetizing the debt causes
a. the money supply to contract.
b. the money supply to rise.
c. tax revenues to contract.
d. tax revenues to rise.
b. the money supply to rise.
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Refer to the accompanying figures. If Mallory and Rick are the only two consumers in this market and the price of soda is $0.25 per can, then what will be the market demand for soda per month?
A. 130 cans B. 60 cans C. 70 cans D. 90 cans
The fact that there are too few resources to satisfy all our wants is attributed to
A. Greed. B. Lack of money. C. Shortages. D. Scarcity.
You read online that, at current rates of production, the yearly world supply of food is sufficient to feed the projected 2050 population of earth, but that after 2050 there will be massive starvation. This prediction appears to assume that:
A. the long-run supply of food is perfectly inelastic. B. the long-run supply of food is perfectly elastic. C. the short-run supply of food is perfectly elastic. D. the short-run elasticity of supply of food is greater than long-run elasticity of supply.
If the simple spending multiplier is 10, the marginal propensity to save (MPS) is:
a. 1/10. b. 9/10. c. 1/9 d. 10/9. e. 9.