M1 includes which of the following?
A. Checking account deposits
B. Gold certificates
C. Money market mutual funds
D. Time deposits
Answer: A
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In the long run, a firm in a monopolistically competitive industry has its price equal to its
A) average total cost. B) marginal cost. C) marginal revenue. D) elasticity of demand.
If the Fed expects currency holdings to rise, it conducts open market ________ to offset the expected ________ in reserves
A) purchases; increase B) purchases; decrease C) sales; increase D) sales; decrease
Markets are primarily responsible for the rapid rise in productivity during the 20th century.
Answer the following statement true (T) or false (F)
A consumer's budget line is very similar to a demand curve in that both curves show the possible combination of two goods.
Answer the following statement true (T) or false (F)