Suppose you put $500 in your savings account and earn 4% interest per year. How much will you have in your account after two years? Be sure to round off to the nearest cent

In the recent Global Economic Crisis, all of the following are causes that pushed the IS curve to the left EXCEPT

A) the negative wealth effect from the collapse of the housing bubble. B) the end of cash-out mortgage refinancing. C) growing unwillingness of banks and nonbank financial institutions to grant loan. D) slow and minimal response of the U.S. government.

If demand is relatively elastic and supply is relatively inelastic, then the incidence of a tax will fall mainly on consumers

a. True b. False Indicate whether the statement is true or false