The basic money supply or M1 includes
A. Currency in circulation, transactions accounts, traveler's checks, and money market mutual funds.
B. Currency in circulation, savings accounts, and credit card balances.
C. Currency in circulation, transactions accounts, and traveler's checks.
D. Currency in circulation, transactions accounts, and savings accounts.
Answer: C
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Macroeconomics
A) studies the behavior of the economy as a whole. B) involves the interaction between different countries in specific markets. C) studies the behavior of individual consumers, firms and markets. D) studies how computer automation has changed economics.
If the price level rises, there is
A) a leftward shift of the demand for money curve. B) an upward movement along the demand for money curve and the curve does not shift. C) a downward movement along the demand for money curve and the curve does not shift. D) no movement along the demand curve for money and the curve does not shift. E) a rightward shift of the demand for money curve.
The above table gives some of the costs of the Delicious Pie Company. What is the average total cost of producing 200 pies?
A) $5.00 B) $650 C) $6.50 D) More information is needed to calculate the average total cost.
In each of the following cases, identify whether a competitive firm's producer surplus will increase, decrease, or remain unchanged
i. The demand for the product increases ii. The firm's marginal cost of production increases iii. The market price of the product falls