If Mike McCulley puts $500 worth of traveler's checks left over from a vacation back into his checking account
A. M1 decreases.
B. M1 increases.
C. M1 does not change.
C. M1 does not change.
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In a regulated natural monopoly, a marginal cost pricing rule maximizes
A) total costs. B) producer surplus. C) economic profit. D) total surplus.
St. Mary's Church has a balloon payment of $100,000 due on its mortgage in two years. If the interest rate is 8 percent, the present value of St. Mary's balloon mortgage payment is
A) $100,000.00. B) $116,640.00. C) $85, 733.88. D) None of the above answers is correct.
The M2 money supply is equal to the M1 money supply plus
A) small time deposits, savings deposits, and retail money market mutual fund shares. B) all credit card balances and retail money market mutual fund shares. C) large time deposits and retail money market mutual fund shares. D) every account held by commercial banks.
Components of economic growth are:
a. physical capital, human capital, and technology. b. physical capital, human capital, and savings. c. education, physical capital, and technology. d. physical capital, working capital, and technology.