Which of the following would indicate that the dollar amount being analyzed is money?
A. M1 money stock of $1.4 trillion at the end of 2010
B. Microsoft profits of $500 billion in 2010
C. The first quarter of 2002
D. Nominal GDP in 2010 of $14.7 trillion
Answer: A
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Suppose a change takes place and the new equilibrium is at point A in the above figure. This change could have been caused by
A) an increase in the per-unit tax on CDs. B) a decrease in the income of consumers. C) a reduction in the wages paid to workers in the CD industry. D) a reduction in the price of CD players.
The public debt in the United States is the total value of government securities held by
a. foreign governments b. private individuals c. businesses d. everyone holding any part of the debt e. itself
Environmental problems occur exclusively in capitalist economies
a. True b. False Indicate whether the statement is true or false
A certificate issued by a corporation promising to repay a loan with interest to the buyer:
cb. franchise c. article of incorporation d. Stockholm note e. note of stockhold