If income doubles and the prices of all goods remain the same, the budget line will shift outward by 50 percent along each axis
a. True
b. False
B
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What is a currency board?
What will be an ideal response?
Along a linear demand curve, as the price rises, demand becomes more
a. steep b. elastic c. inelastic d. unit elastic e. variable
Currency held by the public$450 billionDemand deposits220 billionOther checkable deposits170 billionTraveler's checks2 billionSavings deposits800 billionSmall time deposits50 billionMoney market mutual funds170 billion
According to the information in Table 16.1, M1 is equal to:
A. $620 billion. B. $672 billion. C. $842 billion. D. $1,012 billion.
The supply of loanable funds would shift to the right if either
a. tax reforms encouraged greater saving or the budget deficit became smaller. b. tax reforms encouraged greater saving or investment tax credits were increased. c. the budget deficit became larger or investment tax credits were increased. d. the budget deficit became larger or tax reforms discouraged saving.