If the government fiscal deficit equals $240 million and government borrowing equals $120 million, what is the change in the money supply in the economy?

When the elasticity of demand for a particular good is between zero and -1, _____

a. demand is elastic b. demand is inelastic c. demand is unit-elastic d. the good is an inferior good e. the good is a normal good

If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be:

a. a $75 increase in required reserves and a $425 increase in excess reserves. b. a $425 increase in required reserves and a $75 increase in excess reserves. c. a $75 increase in required reserves and a $3,333 increase in excess reserves. d. a $3,333 increase in required reserves and a $425 increase in excess reserves.