M2 adds together:
A) currency in circulation, checking accounts, savings accounts, travelers' checks, and money market accounts.
B) currency in circulation and currency held with foreigners.
C) currency in circulation, savings accounts, and held with foreigners.
D) currency in circulation, checking accounts, savings accounts, travelers' checks, and currency held with foreigners.
A
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The table above shows the production possibilities for an economy. The opportunity cost of a loaf of bread is ________ when moving from possibility B to possibility C
A) 1/2 of a book B) 2 books C) 200 books D) 100 loaves of bread E) 1 loaf of bread
Creating economic growth:
A. is well understood by macroeconomists. B. has no central tenets upon which the theory is based. C. involves savings, capital, labor, and technology. D. is an easy thing for policy-makers to achieve with correct taxation policy.
Why is the current U.S. tax-treatment of health insurance purchased through one's employer discriminatory?
a. Health insurance should not be a tax-deductible expense for anyone. b. The system gives preferential tax treatment to self-employed individuals. c. The system imposes higher taxes on the direct purchase of health insurance because it is not tax deductible. d. The system gives preferential tax treatment to people who purchase health insurance directly from a provider.
In an industry with network effects and differentiated products, it is possible for the industry to become an oligopoly if
A) they engage in a zero-sum game. B) they use a price-leadership model. C) they use a kinked demand curve model. D) a few firms reap most of the sales gains resulting from positive market feedback.