Which of the following would be counted as part of M1?
a. Money market deposit accounts
b. Saving deposits
c. Mutual funds
d. Traveler's checks
e. Time deposits
d
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The short-run aggregate supply curve shifts when
I. the full-employment quantity of capital changes. II. technology advances. A) I only B) II only C) neither I nor II D) I and II
If the demand is unit elastic, a price cut will leave the quantity demanded unchanged
Indicate whether the statement is true or false
The barrier to entry protecting a social site like Facebook is primarily
A. economies of scale. B. ownership of a scarce factor of production. C. patents. D. network effects.
During the labor dispute of 2011, the owners contended that the NFL players were
A. decertifying their union as an artificial tactic. B. forming a players-owned league. C. signing with Canadian teams. D. striking.