Which definition(s) of the money supply include(s) only items that are directly and immediately usable as a medium of exchange?
A. Neither M1 nor M2
B. M2
C. M1 and M2
D. M1
Answer: D
Economics
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A. uses tariffs. B. uses quotas to restrict trade. C. uses exchange controls. D. does not trade with other nations.
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The nominal interest rate equals the real interest rate ________ the inflation rate
A) plus B) times C) minus D) divided by
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Employment in manufacturing fell by almost twenty percent between 1980 and 1999
Indicate whether the statement is true or false
Economics
In a monopolistic competitive industry, short-run economic profit encourages entry of new firms until there are no economic profits in the long-run
a. True b. False Indicate whether the statement is true or false
Economics