If 900 million shares of stock are traded on the New York Stock Exchange today at an average price of $100, then the total amount of money raised today by the corporations whose stock traded on this exchange would be $90 billion

If the financial innovations such as ATM machines make money demand less elastic than it was before, then

a. the LM curve will become steeper. b. the LM curve will become flatter. c. both the IS and LM curves will become flatter. d. the LM curve will shift to the left.

This year, Tyrone earned a total of $9,000 . As a result, he received $9,000 less in government transfers. Therefore, his implicit marginal tax rate is

a. zero. b. 25 percent. c. 50 percent. d. 100 percent.