Illustrate what about the effect on the demand for money., Ask an Expert

Economics

Analyzing the impact of ban on credit cards on the money supply.

Credit cards are sometimes discussed as a public problem. In 2001, purchases on credit cards accounted for 21% of consumer spending in America, which has the lowest savings rate of any big country. Credit cards have also been blamed for America's high rate of bankruptcy. In 1998, bankruptcies reached a high of 1.4 million.

Maybe we can fix this blight. What would be the effect on the money supply if credit cards were banned? Illustrate what about the effect on the demand for money? Illustrate what other results, intended and unintended, can you imagine from the passage of such a law?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M921279

Have any Question?Write your Review or question?

Related Questions in Business Economics

Get the z score and then you can answer the

Get the Z score and then you can answer the questions? Visitors to the zoo an average of 74 minutes. This is normally distributed with a standard deviation of 23 minutes. If appropriate, calculate... a. What percent of v ...

Answer in true or false1 in the circular flow model firms

Answer in true or False : 1) In the circular flow model, firms sell the services of factors of production to households 2) If GDP included the value of leisure time, the value of US GDP would most likely increase. 3) GDP ...

Elasticity 4 please show your steps and calculation- use

Elasticity: 4% (Please show your steps and calculation- use Arc elasticity) In year one, Mike's income was $56,000 and went to the movies a total of 24 times. The next year, Mike's income increases to $68,000 and he saw ...

Suppose an industry that has n1 2 firms each with a supply

Suppose an industry that has n1 = 2 firms each with a supply curve S1(p) = 2p-8, and n2 = 4 firms each with a supply curve S2(p) = p-2. Construct the industry supply curve and plot it on a graph.

Off the production line there is a 46 chance that a candle

Off the production line, there is a 4.6% chance that a candle is defective. If the company selected 50 candles off the line, what is the standard deviation of the number of defective candles in the group?

Using one-sample hypothesis testingin a high school marks

Using one-sample hypothesis testing. In a high school, Mark's class took the admission test for business school and averaged 83.4. For all the 10 classes taking the same test, their scores are (including Mark's): 78.2, 9 ...

Model this situation using a game tablehawk and dovenbsptwo

Model this situation using a game table. Hawk and Dove: Two animals are fighting over some prey. Each can be passive or aggressive. Each prefers to be aggressive if the other is passive, and passive if the other is agg ...

Give an example of a binary relation which is not

Give an example of a binary relation which is not transitive, and then give an example of a binary relation which is reflexive and transitive but not connected.

Poblem 1 a firms production function c is given by c q

Problem 1. A firm's production function C is given by C (q) = 0:5q 2+2q 1 2 +18, where q is the level of output. (i) Calculate marginal costs (ii) If all fixed costs are sunk, and the minimum price at which this firm wil ...

Suppose the timing device used in thenbspmensnbsprace

Suppose the timing device used in the men's race failed to activate at the start of the race and instead began to record the times seconds into the race. Consider how the competitors' times would be affected. Would th ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert