The largest component of the M1 measure of money is
A) currency.
B) demand deposits.
C) other checking deposits.
D) money-market mutual funds.
C
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Refer to Table 2-13. What is Tammi's opportunity cost of grooming a dog?
A) two bathed cats B) half a bathed cat C) one and a half bathed cats D) two-thirds of a bathed cat
If Allison's marginal utility of her 100th dollar of income is greater than Brad's marginal utility of his 10th dollar, then we can conclude:
A. money means more to Allison. B. money means more to Brad. C. Brad is richer than Allison. D. nothing, since we can't make interpersonal utility comparisons.
The supply of money is determined by the Federal Reserve and is dependent on the demand for money.
Answer the following statement true (T) or false (F)
Refer to the above figure. Given the indifference map and budget constraint represented above, what are all possible points at which that the individual can consume?
A. points A and C only B. point B only C. point D only D. points A, B and C only