If Jennifer withdraws $750 from her checking account and holds it as currency, then M1 will ________ and M2 will ________
A) decrease; not change
B) not change; increase
C) decrease; decrease
D) not change; not change
D
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What are the major rationales for consumer protection in nonmonopolistic industries?
What will be an ideal response?
Assuming that the demand and supply of a good both decreased by the same amount, the new equilibrium would represent:
a. an increase in price and an increase in quantity exchanged. b. no change in price and an increase in quantity exchanged. c. a decrease in price and a decrease in quantity exchanged. d. no change in price, and decrease in quantity exchanged.
A subsidy is the same thing as a tax deduction
Indicate whether the statement is true or false
A variable factor of production:
A. plays no role in the law of diminishing marginal returns. B. is variable only in the short run. C. is fixed in the long run but variable in the short run. D. is variable in both the short run and the long run.