M1 includes

A) currency, checking deposits and traveler's checks.
B) money, stocks and bonds.
C) money, checking deposits and traveler's checks.
D) money market mutual funds, stocks and bonds.


A

Economics

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Assume consumers eat either rice or pasta for dinner every night. If the price of rice increases, then one would expect to see:

A. an increase in the quantity of pasta demanded. B. a decrease in the demand for pasta. C. a decrease in the quantity of pasta demanded. D. an increase in the demand for pasta.

Economics

In defining money according to the transactions approach, you would want to include

A) those assets that are used as a unit of account. B) those assets that are used as a store of value. C) those assets that are used as a medium of exchange. D) those assets that are used as a standard of deferred payment.

Economics

Mike went to a shop to buy a pair of gloves. Who will have a higher bargaining power if the seller knows that Mike needs the gloves urgently?

What will be an ideal response?

Economics

For most firms, average total costs will decrease initially due to decreasing marginal physical product for the inputs used in the production process

Answer the following statement true (T) or false (F)

Economics