The largest proportion of M1 is made up of
A) checking account deposits.
B) savings account deposits.
C) currency.
D) traveler's checks.
E) time deposits.
A
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If market demand for solar panels is specified as QD = 100 – 2.5P, the vertical intercept of demand, as conventionally graphed, is
a. +100 b. –100 c. –2.5 d. +40
GDP tends to overstate economic well-being because it takes into account ________.
A. improvements in product quality over time B. expenditures undertaken to correct pollution C. nonmarket activities, such as the productive work of homemakers D. illegal activities of individuals and businesses
Charitable activity _____
a. is a Pareto superior move b. is a Pareto optimal move c. is unnecessary given today's redistribution policies d. is unaffected by free riding
Money solves the problem of double coincidence of wants that would regularly occur under a system of credit.
Answer the following statement true (T) or false (F)