The definition of M2 includes:
A. cash and checking account balances.
B. hard money and savings account balances.
C. cash, checking account, and savings account balances.
D. cash, checking accounts, savings accounts, and other financial instruments where money is locked away for a specified period of time.
D. cash, checking accounts, savings accounts, and other financial instruments where money is locked away for a specified period of time.
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When the elasticity of substitution in the constant elasticity of substitution utility function lies above 1, an increase in the interest rate will cause a saver to save less.
Answer the following statement true (T) or false (F)
Under ________, there are many firms selling slightly different products
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
As more women entered the labor force in the 1980s in the United States:
a. the number of unskilled workers increased. b. the average quality of the labor force improved. c. the quantity of output decreased. d. the supply of skilled labor exceeded its demand. e. labor productivity increased.
At which interest rate is the present value of $80.25 one year from today equal to $75 today?
a. 4 percent b. 5 percent c. 6 percent d. 7 percent