The cash you have in your wallet would be counted in which measure of money?
A. Hard money
B. M1
C. M2
D. It would be counted in all of these
D. It would be counted in all of these
You might also like to view...
The Hatfields and the McCoys both earn $50,000 per year in real terms in the labor market, and both families are able to earn a 5% real interest rate on their savings. In the year 2010, both families began to save. The Hatfields saved 8% of their income each year; the McCoys saved 10%. In 2010, the Hatfields consumed ________ more than the McCoys; in 2011, the Hatfields consumed ________ than the McCoys.
A. $1,000; about $960 less B. $1,000; about $960 more C. $2,000; about $960 more D. $2,000; about $960 less
For each of the following, how would they be included in the national income accounts? a. The University of California buys a new computer. b. Charles buys a new MP3 player. c. Marian buys a new mountain cabin. d. Vikki buys an old mansion with hopes of restoring it. e. Farmer Brown buys a used combine harvester.
What will be an ideal response?
Why does a monopsonist's marginal expenditure curve lie above the labor supply curve?
What will be an ideal response?
In the short-run an increase in the costs of production makes
a. output and prices rise. b. output rise and prices fall. c. output fall and prices rise. d. output and prices fall.