When we add together all the individual firm's demands for loanable funds, we get the

M2 consists of

A) M1 plus currency at the banks. B) M1 plus Federal Reserve notes. C) M1 plus checkable deposits. D) M1 plus saving deposits, small time deposits, and money market funds. E) M1 plus traveler's checks.

The Volumetric Ethanol Excise Tax Credit (VEETC) is a tax credit (which acts like a subsidy) for registered ethanol-gasoline blenders. Qualified blenders receive $0.51 for each gallon of pure ethanol they blend into gasoline

What statement is TRUE? A) With a subsidy, the price paid by consumers will be lower than without a subsidy. B) Without a subsidy, the quantity produced by blenders will be greater than the quantity demanded. C) With a subsidy, the equilibrium quantity produced will be lower than without a subsidy. D) With a subsidy, production will be efficient.