Which of these is a variable cost for a restaurant?
a. Insurance against damages on the rental space
b. Rent for dining space
c. Wages for the servers
d. Tax accountant's salary
c
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M1 differs from M2 in that:
A. M2 includes savings deposits, small-denomination time deposits, and money market mutual funds that are not included in M1. B. M1 includes currency and balances held in checking accounts, which are not included in M2. C. the assets in M2 are more liquid than the assets in M1. D. M1 is a broader measure of the money supply than M2.
If the interest rate on a bond is below the equilibrium interest rate, there is an excess ________ of bonds and the bond price will ________
A) demand; rise B) demand; fall C) supply; rise D) supply; fall
A share of stock might be included in the definition of the money supply since it serves which of the following functions of money?
A) unit of account and a store of value B) store of value C) medium of exchange since it can be easily sold D) B and C are both correct.
The value of the resources flowing into firms is precisely the value of the goods and services flowing out of the firms
Indicate whether the statement is true or false