Which of the following is not included as a component of the M1 definition of money?
A) bonds
B) checkable deposits
C) coins and bills held by the nonbank public
D) all of the above
E) none of the above
A
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Everything else held constant, an increase in the required reserve ratio on checkable deposits will cause
A) the money supply to rise. B) the money supply to remain constant. C) the money supply to fall. D) checkable deposits to rise.
Which tax revenue given in the graph will be generated by two different tax rates?
A. F
B. G
C. H
D. I
Which of the following would cause the present optimal extraction level of a nonrenewable resource to rise?
A. A decrease in the price of the resource. B. An increase in the extraction cost of the resource. C. A decrease in the user cost of the resource. D. A decrease in interest rates.
An increase in economic rent is accompanied by an increase in the quantity supplied of a resource
a. True b. False Indicate whether the statement is true or false