The M1 definition of the money supply
A. includes only coins and currency.
B. includes only things that can be used as a medium of exchange, while the M2 definition includes some things that cannot be used directly as a medium of exchange.
C. includes some kinds of accounts that are not included in M2.
D. tends to grow more rapidly than M2.
B. includes only things that can be used as a medium of exchange, while the M2 definition includes some things that cannot be used directly as a medium of exchange.
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A defined-benefit pension
A) determines benefits by contributions and their earnings. B) fixes benefits in advance. C) links benefits to investment performance. D) fixes benefits paid out for a limited number of years.
Changes in the federal tax structure have a significant effect on state income tax collections because most states base their tax structure on the federal tax structure
a. True b. False
The earnings that a corporation saves for investment in other productive activities are
A) capital gains. B) tax incidence. C) transfers in kind. D) retained earnings.
What causes the production possibility curve to be bowed out?
What will be an ideal response?