To increase tax revenue, the us government in 1932 imposed a 2 cent tax on checks written on bank account deposits (in today's dollars, this tax would amount to about 34 cents per check.)

a. how do you think the check tax affected the currency-deposit ratio? explain

b. use the model of the money supply under fractional-reserve banking to discuss how this tax affected the money supply

c. many economist believe that a falling money supply was in part responsible for the severity of the great depression of the 1930s. from this perspective, was the check tax a good policy to implement in the middle of the great depression?

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?