Money market mutual funds are funds pooled by
A) a group of people to buy shares of stocks.
B) a group of people to buy stock market funds.
C) a group of people to buy short maturity credit instruments.
D) a group of people to buy U.S. Treasury bonds.
C
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Consider the market for cellular phones. Which of the following shifts the demand curve leftward?
A) studies showing using cellular phones can cause brain cancer B) a decrease in the price of cellular phones C) a decrease in the quantity demanded of cellular phones D) an increase in the services provided by cellular phones, such as text messaging E) an increase in the price of cellular phones
What does the sign (positive/negative) of the income elasticity tell us about a good?
What will be an ideal response?
Goods whose production is associated with positive externalities are
a. under-priced and over-provided b. under-priced and under-provided c. over-priced and under-provided d. over-priced and over-provided e. not provided by private markets
U.S. monetary policy in the early 1980s reduced the inflation rate by more than half
a. True b. False Indicate whether the statement is true or false