Which of the following is not included in the M1 money stock?
a. small time deposits
b. demand deposits
c. checking account deposits
d. travelers' checks
e. cash in the hands of the public
A
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Productivity growth slowed rapidly after 1973. Bruno and Sachs argue that the slowdown is partially explained by
A) reduced growth in capital per capita since increasing numbers of women entered the labor force. B) the reduction in savings rates caused by inflation and the U.S. tax system. C) the "residual" nature of technological change. D) the rapid increase in the relative price of energy.
What is the relationship between debt intolerance and the inflation tax?
What will be an ideal response?
Small economies like Sweden tend to have which of the following ratios of exports and imports to GDP?
a. lower b. higher c. balanced d. either lower or higher
In pure competition, the marginal revenue of a firm always equals:
A. average total cost. B. marginal cost. C. product price. D. total revenue.