In the above, a positive relationship between price and quantity is shown in
A) Figure A.
B) Figure B.
C) both Figure A and Figure B.
D) neither Figure A nor Figure B.
B
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Answer the following statements true (T) or false (F)
1. The Glass Steag all Act was passed in 1932 to prevent ruinous competition in the banking industry. 2. The Financial Services Modernization Act of 1999 seeks to restrict competition between insurance companies and banks. 3. The Financial Services Modernization Act of 1999 is likely to result in fewer financial institutions. 4. Electronic transfers now account for nearly 90 percent of the dollar value of all transactions in the United States. 5. Cash transactions account for about 20 percent of the value of transactions. 6. Stored value and smart cards are forms of electronic banking.
How are total output and total income related to each other, and why?
What will be an ideal response?
The price elasticity of demand along a vertical demand curve is
A) elastic at high prices and inelastic at low prices. B) infinite. C) one. D) zero.
If you were told the MPC was = 0.75 and the government engaged in a spending increase of $400B, then the change in GDP would be:
A. $400B. B. $1600B. C. $300B D. $1200B