The M1 money supply
A) is calculated by subtracting M2 from GDP.
B) does not include checking account deposits.
C) is the narrowest measure of the nation's money supply.
D) does not include travelers' checks.
C
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The figure above shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly that charges one price to all customers, then consumer surplus is ________ and it creates a deadweight loss of ________
A) $800; $400 B) $200; $100 C) $400; $200 D) $0; $200
The reported unemployment rate should be viewed as
a. a useful but imperfect measure of joblessness. b. clearly smaller than the true unemployment rate. c. clearly larger than the true unemployment rate. d. being very close to the true unemployment rate.
A put option is a contract
A) that gives the owner the right, but not the obligation, to buy shares of a stock at a specified price within the time limits of the contract. B) that gives the owner the right, but not the obligation, to sell shares of a stock at a specified price within the time limits of the contract. C) in which the seller agrees to provide a particular good to the buyer on a specified future date at an agreed-upon price. D) that gives the owner the right, but not the obligation, to buy or sell shares of a stock at a specified price within the time limits of the contract.
Why is there often resistance to free trade?
A. Free trade does not benefit the economy as a whole. B. Free trade usually hurts consumers. C. Specific groups may be hurt by free trade. D. Free trade does not benefit the global economy.