The cash you have in your wallet would be counted in which measure of money?
A. Hard money
B. M2
C. M1
D. It would be counted in all of these
Answer: D
You might also like to view...
On any given day we know a salesman can earn $0 with a 40% probability, $100 with a 20% probability or $300 with 40% probability. His expected earnings equal
A) $0. B) $140. C) $300. D) It cannot be determined from the available information.
The real balances effect is the impact on real GDP caused by the ____ relationship between the price level and the real value of financial assets
a. direct b. inverse c. independent d. linear
A monopolistic competitor is currently producing 2,000 units of output; price is $100, marginal revenue is $80, average total cost is $130, marginal cost is $60, and average variable cost is $60. The firm should
A. raise price because the last unit of output decreased profit by $30. B. lower price because the next unit of output increases profit by $20. C. keep the price the same because the firm is producing at minimum average variable cost. D. raise price because the firm is losing money.
B. Use the public demand schedule above and the following supply schedule to ascertain the optimal quantity of this public good. a. On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society, determine the collective demand schedule on the assumption that the good is a public good Instructions: