Which of the following is NOT a component of M1?
A. passbook savings accounts balances
B. non-bank traveler's checks
C. currency
D. NOW accounts balances
A. passbook savings accounts balances
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As more people in a developing country started using debit cards, banks installed more ATM machines, thereby benefitting all customers. This is an example of a(n) ________
A) network externality B) pecuniary externality C) adverse selection D) moral hazard
Work disincentives in the system of Social Security have seen the number of persons in the program increase dramatically. What incentives could be put in place to reverse, or at least slow, this trend?
What will be an ideal response?
Since 1929, the distribution of money income in the United States has
A) become slightly more unequal. B) not dramatically changed. C) become more equal. D) shifted toward the poorer 20 percent away from the richer 20 percent.
For a profit-maximizing monopolist, the price of a product is: a. always equal to marginal revenue
b. always greater than marginal revenue. c. always less than marginal revenue. d. always equal to the average total cost of production.