Refer to the given diagram. The marginal propensity to save is equal to:

Suppose that you decide that you no longer want to hold currency, and deposit all of your currency holdings to your checking account. What is the immediate or initial impact of this transaction on M1 and M2?

What will be an ideal response?

Assuming demand is inelastic, if a firm wants to increase its total revenue, it should raise price

Indicate whether the statement is true or false