In an economy, there is $200 million in currency held outside banks, $100 million in traveler's checks, $250 million in currency held inside the banks, $300 million in checking deposits, and $600 million in savings deposits. The value of M1 is ________.
What will be an ideal response?
600 million
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Which of the following goods is least likely to be rivalrous in consumption?
A. a car B. a pair of shoes C. a book D. a computer E. a sunset
The firm's fixed cost refers to costs that
a. do not change as the price of a good changes b. do not change as the firm's output changes c. can never be changed d. can only be changed in the short run e. do not change when the scale of the operation changes
In the 1960s, there was significant debate between Keynesians and monetarists. Explain several aspects of this debate
What will be an ideal response?
If the purchasing power of the dollar is falling, then it follows that:
A. The price index is falling B. The price index is rising C. Nominal incomes are falling D. Interest rates are rising