Which one of the following items would be the most liquid?
a. Pizza.
b. Ticket to next week's basketball game.
c. Stereo.
d. Dollar bill.
e. U.S. savings bond.
d
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The short-run aggregate supply curve shows that inflation will change as a result of changes in ________
A) output B) potential output C) expected inflation D) price shocks E) all of the above
The present value of a sum to be received in the future is greater
A) the greater the interest rate. B) the less the time period before receiving the sum. C) the greater the inflation rate. D) the greater the discount rate.
Suppose government purchases increase by $100 million in an economy, which leads to total output increasing by $500 million. The size of the multiplier is _____
a. $400 b. 5 c. $500 d. 0.5 e. 50
Total cost divided by total output yields:
a. marginal cost. b. average variable cost. c. average fixed cost. d. average total cost.