Refer to the given list. The assets that are not included in either M1 or M2 are:
Answer the question on the basis of the following list of assets:
1. Large-denominated ($100,000 and over) time deposits
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (under $100,000) time deposits
5. Stock certificates
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
9. Money market mutual fund balances held by businesses
10. Currency held in bank vaults
A. Items 1, 5, 9, and 10.
B. Items 2, 5, 8, and 9.
C. Items 1, 3, 5, 7, and 9.
D. All of the ten items listed.
A. Items 1, 5, 9, and 10.
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What are the four categories of aggregate expenditure?
What will be an ideal response?
Refer to the above figure. What are the price and quantity if this monopolist is required to use average cost pricing?
A) P5, Q1 B) P3, Q3 C) P2, Q1 D) P1, Q4
"As income rises, the demand for most goods also rises." This statement
a. is inconsistent with the law of demand b. suggests that many goods are inferior goods c. shows that the quantity demanded is inversely related to price d. suggests that most goods are normal goods e. does not apply to goods traded in competitive markets
Which of the following statements regarding the relationship between average and marginal costs is INCORRECT?
A. There is no way for average variable costs to fall when marginal costs are falling. B. When marginal costs are greater than average costs, the latter must rise. C. When marginal costs are less than average costs, the latter must fall. D. There is always a definite relationship between average and marginal cost.