M1 includes
A. currency, checkable accounts, traveler's checks, small CDs, and money market accounts.
B. currency plus checkable accounts and traveler's checks.
C. just cash held by the public.
D. cash held by banks and by the public plus deposits at the Federal Reserve.
Answer: B
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In January 2015, Tim's Gyms, Inc owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2015, Tim spent $200,000 on new machines. During 2015, Tim's net investment totaled
A) $1 million. B) -$300,000. C) $200,000. D) -$100,000.
The tax revenue that is generated by a government tax is counted towards total welfare
What will be an ideal response?
Benefits that accrue directly to the decision maker of a market exchange are called:
A. private benefits. B. network benefits. C. external benefits. D. social benefits.
If tariffs are decreased, the long-run effect is most likely to be
a. a decrease in both U.S. imports and exports.
b. an increase in both U.S. imports and exports.
c. a decrease in U.S. imports and an increase in U.S. exports.
d. an increase in U.S. imports and a decrease in U.S. exports