The M2 measure of money consists of the sum of:
A. currency, checking and savings deposits.
B. M1, savings deposits, small time deposits, and money market mutual funds.
C. currency, checking and savings deposits, and small time deposits.
D. savings deposits, small time deposits, and money market mutual funds.
Answer: B
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Which of the following is inconsistent with Robert Nozick's view of fairness as expressed in his book Anarchy, State, and Utopia?
A) Everything that is valuable must be owned by individuals and that the state must ensure that theft is prevented. B) The only legitimate way a person can acquire property is to buy it. C) The requirement that all people should have equal outcomes. D) None of the above answers is correct because all the answers express thoughts consistent with Nozick's view.
A production possibilities frontier indicates the most efficient combinations of goods
a. True b. False Indicate whether the statement is true or false
A $5 tax levied on the buyers of pants will cause the
a. supply curve for pants to shift down by $5. b. supply curve for pants to shift up by $5. c. demand curve for pants to shift down by $5. d. demand curve for pants to shift up by $5.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.