Credit cards are:
a. M1 money.
b. M2 money.
c. near money.
d. not money.
d
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Keeping total factor productivity constant, as the capital-labor ratio increases, labor productivity
A) increases at a constant rate. B) increases at an increasing rate. C) increases at a decreasing rate. D) does not change.
The effects of tariffs and quotas are: a(n) __________ in consumers' surplus, and a(n) __________ in producers' surplus
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
In the past 100 years, the U.S. economy has primarily experienced
A. deflation. B. unemployment. C. inflation. D. depression.
The average tariff rate of the United States in the 1930s was about ________ of the value of their imports.
A. 1.6 percent B. 7.4 percent C. 59 percent D. 100 percent