Suppose the price elasticity of supply for crude oil is 2.5. How much would price have to rise to increase production by 20 percent?

When a government increases its budget deficit, then that country's

a. supply of loanable funds shifts right. b. supply of loanable funds shifts left. c. demand for loanable funds shifts right. d. demand for loanable funds shifts left.

Expansionary monetary policy refers to the ________ to increase real GDP

A) government's increasing spending and lowering taxes B) government's decreasing spending and raising taxes C) Federal Reserve's increasing the money supply and decreasing interest rates D) Federal Reserve's decreasing the money supply and increasing interest rates