If the income elasticity of money demand is 3/4 and the interest elasticity of money demand is -1/4, by what percent does money demand rise if income rises 10% and the nominal interest rate rises from 4% to 5%?

_____ in the United States relative to GDP increased from 37 percent in 1994 to 40 percent in 2013

a. Interest rates b. Government outlays c. Government revenues d. Unemployment rates e. Government deficits

The social cost of a good or service includes the producer's private cost and all the external costs

Indicate whether the statement is true or false