The largest element of the currency component of M1 is
A. coins.
B. United States Notes.
C. silver certificates.
D. Federal Reserve Notes.
D. Federal Reserve Notes.
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Total profit is equal to
a. total revenue minus total cost. b. total revenue minus explicit cost. c. total revenue minus variable cost. d. total revenue minus marginal cost.
A 401(k) account means that the maximum amount of savings that can be deposited is $401,000.
A. True B. False C. Uncertain
Which of the following statements is false?
A) Changes in technology can lead to changes in the ways in which people are employed. B) Cultural differences may help to explain why some men have difficulty finding jobs in some sectors of the modern economy. C) In recent years, the demand for workers in the manufacturing sector has grown dramatically compared to the demand for workers in the service sector. D) Some people may be at a loss as to what skills are required of them in the current labor market.
Which of the following is true about monetary policy?
A. It is ineffective in the long run and difficult in the short run. B. It is effective in the long run and easy in the short run. C. It is ineffective in the short run and difficult in the long run. D. It is effective in the short run and easy in the long run.