One major component of money supply M1 is part of a bank's:
A. Assets
B. Reserves
C. Liabilities
D. Net worth
C. Liabilities
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The quantity that sellers wish to sell tends to ________ as price increases, and so the supply curve is ________ sloping.
A. increase; upward B. decrease; downward C. decrease; upward D. increase; downward
If the marginal utility of each good a consumer buys does not diminish but remains constant, we should see consumers
a. buying no goods at all b. spending all of their income on the good with the highest marginal utility c. buying one unit of each good d. buying only the least expensive good e. leaving the store in total confusion
Why does the slope of the aggregate supply curve change from the short run to the long run?
What will be an ideal response?
There are a number of benefits that usually accompany economic growth. The following are such benefits EXCEPT
A. urban congestion. B. increase in literacy. C. increased expected life-spans. D. political stability.