Answer: money supply curve to the left.
Explanation:
The sale of Treasury Bills by the Fed is part of its contractionary monetary policy and is used to reduce the amount of money in the economy. By selling the bills, people pay money to the Fed which then takes the money out of circulation thereby reducing the amount of money in the economy.
The effect of this would be a leftward shift in the money supply curve to indicate that there is now less money in the economy. The Fed does this when it feels that the economy is overheated and so economic growth needs to be reduced to a more sustainable level.
It should be B, because you can't just stop in the middle of the road, especially a busy one, though if your car stops on it's own (stalls) it's not by choice and put your hazard light one, and just using your mirrors is extremely dangerous! You need to see in front of you to, mirrors only see what's behind you.
Answer:
free rider
true
true
Explanation:
The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.
Downtown abbey can be classified as a public good, if it is made a private good, the problem would be solved
A public good is a good that is non excludable and non rivalrous.
A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It
Answer:
-2.75 and inferior good
Explanation:
The computation of the income elasticity of demand using the mid point method is shown below:
The computation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in income ÷ average of income)
where,
Change in quantity demanded is
= Q2 - Q1
= 0 - 2
= -2
And, average of quantity demanded would be
= (0 + 2) ÷ 2
= 1
Change in income is
= M2 - M1
= $15 - $7
= $8
And, average of income is
= ($7 + $15) ÷ 2
= 11
So, after solving this, the income elasticity of demand is -2.75
And, the goods is inferior good as it has negative elasticity of demand
Answer:
2.618%
Explanation:
Current annual interest rate on a HELOC = 3.85%
Tax rate = 32%
After-tax interest rate = Before tax interest rate * (1 - Tax rate)
After-tax interest rate = 3.85% * (1 - 0.32)
After-tax interest rate = 0.0385 * 0.68
After-tax interest rate = 0.02618
After-tax interest rate = 2.618%
So, the after-tax interest rate you will pay on any borrowings under the HELOC is 2.618%.