Jim has the following assets and liabilities:Credit Card balance$2,000Cash$500Government bonds$2,000Checking$750Car loan balance$5,000Car$15,000What is Jim's money demand?
A. $500
B. $1,250
C. $750
D. $3,250
Answer: B
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The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts. Point U is:
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