Refer to the information provided in Table 24.2 below to answer the question(s) that follow. Table 24.2Refer to Table 24.2. The equilibrium level of output is ________ billion.

If a commercial airline starts offering maxi-saver fares at huge discounts to passengers who purchase tickets at least 30 days in advance and agree to stay over a Saturday night, what is the most likely effect upon first-class passenger service?

A) First-class fares will rise somewhat to compensate for the loss on other fares. B) The demand for first-class service may fall somewhat because the price of a substitute good has decreased substantially. C) The marginal cost of first-class service will rise somewhat because the total cost must be allocated among all passengers. D) The marginal revenue from first-class service will rise somewhat because first-class service is now more clearly a superior good.

Identify the correct statement

a. It is absolutely compulsory for the government to earn a profitable return on the money it earns by selling bonds. b. When government borrowing rises, interest rates decline, thereby driving up private investment. c. When interest rates rise, fewer number of corporations offer new bonds to raise investment funds. d. An increase in interest rate reduces the cost of borrowing by the firms. e. When interest rates fall, the firm's cost of raising funds through bonds increases.