Which of the following is NOT included in M1?
A. travelers checks
B. transaction deposits
C. small time deposits
D. currency
Answer: C
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You are the brand manager of Crest toothpaste and you observe that when you increase the price of Crest, your total revenue increases. How is that possible?
What will be an ideal response?
Which of the following is a reason why job A would pay a higher wage rate than job B?
a. job B requires more education b. job A offers greater fringe benefits c. job A offers free parking d. job A involves greater risk e. job B has a higher skill requirement
Suppose that in a country people gain more confidence in the banking system and so hold relatively less currency and more deposits. As a result, bank reserves will
a. decrease and the money supply will eventually decrease. b. decrease and the money supply will eventually increase. c. increase and the money supply will eventually decrease. d. increase and the money supply will eventually increase.
Economists distinguish between the short run and the long run by noting that:
A. no inputs can be varied in the long run. B. input prices are subject to fluctuations in the short run. C. output prices are subject to fluctuations in the long run. D. some inputs cannot be varied in the short run.