Which of the following would most likely NOT be included in the liquidity approach to defining the money supply?
A. money market mutual fund accounts
B. traveler's checks
C. government bonds
D. savings deposits
Answer: C
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Not buying junk food while doing the weekly shopping and forcing an extra trip to the store to acquire it is an example of:
A. increasing the cost of a vice. B. a commitment device. C. how people compensate for time-inconsistent decisions. D. All of these are true.
It is Valentine's Day and Jason is desperately looking all over town for a dozen roses to give to Judy. Most likely, Jason's price elasticity of demand is:
a. infinitely large. b. negative. c. equal to one. d. greater than one. e. less than one.
Which of the following typically rises during a recession?
a. investment. b. unemployment. c. tax revenues. d. new home construction.
The manager of Greene Enterprises, Inc., recently estimated its average variable cost (AVC) function to beAVC = 88 - 0.026Q + 0.000003Q2Greene Enterprises faces total fixed costs (TFC) of $300,000. If Greene Enterprises produces 6,000 units of output, what is estimated average total cost (ATC)?
A. $75.25 B. $40 C. $80 D. $168.42 E. $90