M2 includes M1 plus all of the following except
A) savings deposits.
B) retail money market mutual funds.
C) short-term U.S. government securities.
D) small-denomination time deposits.
C
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The utility a consumer derives from knowing that others receive benefit from an environmental good is called
a. stewardship value c. direct user value b. indirect user value d. vicarious consumption
About 6% of annual total federal government expenditures goes toward paying interest on the federal debt
Indicate whether the statement is true or false
A monopoly firm's demand curve
A) is more inelastic than the demand curve for the product. B) is inelastic at high prices and elastic at lower prices. C) is perfectly inelastic. D) is the same as the market demand curve.
In 2015, you buy a beautiful vintage 1965 Thunderbird convertible. This purchase would
a. be included in the GDP for 2015. b. not be included in the GDP for 2015. c. be included in both the GDP for 1965 and 2015. d. be in the GDP for 2015 at a depreciated value.