Suppose you earn $4,800 a month and spend exactly $160 in each of the 30 days. If you deposit $1, 600 into your checking account on the first day, eleventh day, and twenty-first day of the month, then your average quantity of money demanded is
A) $800.
B) $1,200.
C) $2,400.
D) $4,800.
Ans: A) $800.
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a. about $1 million b. about $1 billion c. $1 trillion d. $3 trillion e. about $18 trillion
ETFs
What will be an ideal response?
Recall the Application about the government of Mexico City repainting highway lane lines to transform a 4-lane highway into a 6-lane highway to answer the following question(s).When the government converted the highway from 4 lanes into 6 lanes, they claimed the capacity had increased by 50 percent. When the government switched the highway back from 6 lanes to 4 lanes, they claimed the capacity had been decreased by 33 percent. Had the government used the midpoint method, the percentage increase would have been ________ percent and the percentage decrease would have been ________ percent.
A. 33; 50 B. 33; 33 C. 40; 40 D. 50; 50