Which of the following is included in M2?
A. commercial paper
B. U.S. Treasury bonds
C. savings accounts
D. stocks
Answer: C
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Among the United States, Canada, Russia, India, and the United Kingdom, the country with the highest average income per person is
A) the United Kingdom. B) India. C) Canada. D) Russia. E) the United States.
Given the information in Figure 18.1, the efficient output in the corbomite industry is:
A) 0. B) Q0. C) Q1. D) Q2.
The principle of diminishing marginal utility says that:
a. as more of a good or service is consumed, demand decreases. b. as more of a good or service is consumed, the price will rise. c. the marginal utility of additional units consumed increases. d. an increase in income causes demand to increase. e. the marginal utility of additional units consumed decreases.
A decrease in the U.S. price level, other things constant, will _____
Fill in the blank(s) with the appropriate word(s).