The money supply (M1) includes currency held by the public plus
A. Balances in most savings accounts and money market mutual funds.
B. Transactions accounts plus money market mutual funds.
C. Currency held by the Fed and Treasury and transactions accounts.
D. Transactions accounts plus travelers checks.
Answer: D
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To encourage economic development a country should do all of the following EXCEPT
A) establish a system of property rights. B) allow creative destruction to run its course. C) limit the amount of imports allowed into the country. D) invest in human capital.
The table above shows Tom's total utility from milkshakes and sodas. A milkshake costs $2.00. How much marginal utility per dollar would Tom get if he purchased the ninth milkshake?
A) 1728 units per dollar B) 20 units per dollar C) 10 units per dollar D) none of the above
If a good is congestible, then _____
a. the optimal sharing group is a the national level b. the optimal club size is where marginal reduction in cost per user is minimized c. some congestion is optimal d. marginal costs are constant for any possible output level
Jill, a bookkeeper, just received an attractive offer from an outside firm and so she asks for a raise from her current employer. If the management of Jill's company is aware of the offer, her raise request is more likely to be
a. Accepted b. Rejected c. Laughed at d. All of the above