When comparing the velocity of M2 (V2), with the velocity of M1 (V1), the evidence shows that V2 has been __________ and V1 has been __________ over time
A) relatively stable; relatively stable
B) relatively stable; relatively unstable
C) relatively unstable; relatively stable
D) relatively unstable; relatively unstable
B
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Consider the demand curves for soft drinks shown in the figure above. Suppose the economy is at point a. What of the following could result in a movement to point b?
A) an increase in the price of bottled water B) a decrease in the price of bottled water C) an increase in the opportunity cost of soft drinks D) a decrease in the relative price of a soft drink
Market barriers imposed on national banks:
a. included both restrictions on mortgages and high capital requirements. b. allowed rural banks to charge higher rates. c. allowed national banks to price discriminate. d. All of the above are correct. e. Only a and b are correct.
Advocates of competitiveness as a argument for trade protection
a) apply an adversarial business model to international trade b) confuse economic growth with comparative advantage c) favor protection of capital-intensive industries d) fail to appreciate the role of industrial restructuring e) all of the above
During 2016, Sean's consumption equals $25,000 and the change in his net worth is -$5,000. Sean's economic income for 2012 is
A. $5,000. B. $20,000. C. $25,000. D. $30,000.