Refer to Table 18.1. M1 in this simple economy equals
A) $500.
B) $550.
C) $1,050.
D) $4,550.
C
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According to current projections, in about 2034, the Social Security trust fund will
A) own all the government bonds that have been issued. B) own about half of all the stock issued on the New York Stock Exchange. C) run out of assets. D) start to run deficits.
Google and Yahoo internet search engines are examples of:
A. government-implemented models. B. coordinating mechanism designs. C. free market pricing models. D. auction markets.
Which of the following are exempt from the antitrust laws?
A) colleges and universities B) all professional athletes C) labor unions D) deregulated industries
Saving rates tend to rise during ________ and fall during ________.
A. boom times; recessions B. recessions; contractions C. boom times; expansions D. recessions; expansions