Savings and money market accounts are not included in:

A. M1.
B. M2.
C. M3.
D. L.


Answer: A

Economics

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In the figure above, which of the following is true?

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If the demand for its product is elastic, a monopoly's

A) total revenue is unchanged when the firm lowers its price. B) total revenue decreases when the firm lowers its price. C) marginal revenue is positive. D) marginal revenue is zero.

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Which is a distortion (a loss of social surplus) associated with a monopolist's inability to observe consumer types when constructing a nonlinear pricing scheme?

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An oligopolist cares very much about what other firms in her industry are doing

a. True b. False Indicate whether the statement is true or false

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