Which definition of the money supply includes credit cards?
a. M1.
b. M2.
c. M3.
d. None of these includes credit card balances.
d
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Technological efficiency necessarily means producing
A) at minimum cost. B) with the highest level technology available. C) without using more inputs than necessary. D) technology itself.
There are several reasons why interest rate parity may not hold exactly and, therefore, we can earn arbitrage profits from this situation
Indicate whether the statement is true or false
If a country's income is rapidly increasing it must:
A. have a high level of growth. B. have a high level of income. C. have a lot of room to expand. D. be well-endowed with natural resources.
If the inflation rate is decreasing while unemployment is increasing: a. the short-run Phillips curve must have shifted right
b. the short-run Phillips curve must have shifted left. c. it must have involved a movement along the short-run Phillips curve d. it would be inconsistent with any possible Phillips curve scenario.