Income elasticity of demand is
a. the percentage change in quantity demanded divided by the percentage change in income.
b. the percentage change in quantity supplied divided by the percentage change in price.
c. the percentage change in quantity demanded divided by the percentage change in price.
d. the percentage change in income divided by the percentage change in prices.
e. the percentage change in quantity demanded of one good divided by the percentage change in the price of another good.

When is going to be why would you put money into saving account

What two things do you consider when evaluating the time value of money

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.