7. Suppose that several new technological innova- tions result in greater capital productivity in the
U. S. economy. We know that these innovations
have several macroeconomic effects. Let's
concentrate on the changes in the loanable funds
market and assume no other changes occur.
a. On a sheet of paper, draw the loanable funds
market in initial equilibrium. Be sure to label
all curves and axes correctly.
b. On your graph, illustrate how the technological
innovations affect the loanable funds market.
C. Assuming no other changes in the loanable
funds market, state how these technological
innovations affect the interest rate, the equilib-
rium level of investment, and future GDP.
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Max wants to open a basic checking account at his local bank. he needs to bring his and , along with a $50 deposit, to open the account.

In march 2012, the state of california started requiring that all packaging for food and drink with the additive 4-methylimidazole (4-mi) be clearly labeled with a cancer warning. because of this, both pepsi and coke changed their formula to eliminate 4-mi as an ingredient. if pepsi and coke did not change their formula, holding all else constant, what would have happened to the demand for these goods, assuming pepsi and coke were in a competitive market? a. the demand curve for both pepsi and coke would have shifted to the right, causing the price of both products to decrease and the profits for the companies to fall. b. the demand curve for pepsi and coke would have remained unchanged, but the price of both products would have decreased and the profits for the companies would have fallen. c. the demand curve for pepsi and coke would have decreased, but the prices and profits would not have changed. d. the demand curve for only one of them would change because pepsi and coke are substitutes. e. the demand curve for pepsi and coke would have shifted to the left, causing the price of both products to decrease and the profits for both companies to fall.

John and sue smith are a married couple who file a joint income tax return. they have two children, so they claim a total of 4 exemptions (based on calendar year 2015 tax law, a personal exemption of $4,000 per person or dependent can be deducted from total income). in addition, they have legitimate itemized deductions totaling $25,750. their total income from wages is $237,500. what is the couple’s taxable income? $195,750 $221,500 $229,500 $205,750