If consumers decide to be more frugal and save more out of their income, then this will cause
A) a movement to the left along the supply curve for loanable funds.
B) a shift in the supply curve for loanable funds to the left.
C) a movement to the right along the supply curve for loanable funds.
D) a shift in the supply curve for loanable funds to the right.
D
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For a given supply elasticity, the more inelastic the demand for a good, the larger the share of the tax paid by the
A) buyers. B) sellers. C) participants other than the buyers and sellers. D) government. E) None of the above answers is correct.
An open-market operation refers to
A) changing the money supply by changing taxes. B) changing the money supply by changing government spending. C) an exchange of money for interest-bearing debt by the monetary authority. D) an exchange of domestic money for foreign money by the monetary authority.