Coins held in commercial banks are:
A. included in M1 but not in M2.
B. included both in M1 and in M2.
C. included in M2 but not in M1.
D. not part of the nation's money supply.
D. not part of the nation's money supply.
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If an event is unlikely to occur, which probability is a reasonable estimate?
A) 0 B) 0.23 C) 0.82 D) Not enough information to determine.
Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. Assume no transaction costs and a competitive market, what is the equilibrium price in this market?
a. 7 b. 8 c. 9 d. 10
Since 1940 the US Government has generally had a budget:
A. surplus. B. that has been balanced C. multiplier. D. deficit.
The production possibilities frontier represents all desirable combinations of two goods
a. True
b. False