The balance owed on credit cards in the United States in 2014 was $880 billion. When consumers pay off this balance in full,
A) M1 will decrease by $880 billion.
B) M1 will remain unchanged but M2 will decrease by $880 billion.
C) neither M1 nor M2 will change.
D) M1 will increase by $880 billion.
C
Economics
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The amount of foreign aid provided by the United States ________
A) constitutes a major proportion of federal government outlays B) is the highest in percentage terms for any developed market economy C) averages about 2.7 percent of U.S. income per year D) is a very small percentage of gross national income
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How does the aggregate supply curve differ from a supply curve for, say, bananas?
What will be an ideal response?
Economics