A decrease in savings deposits would ____ M1 and ____ M2.
a. increase; increase

What would you expect the cross price elasticity of iPods and online music downloads? Explain your answer

What will be an ideal response?

While the price of a resource may increase sharply during some periods, the structure of ____ accompanying the price increase makes depletion highly unlikely and provides the seeds for future reversal

a. government programs b. foreign competition c. incentives d. taxation