M1 does not include

A) MMMFs.
B) travelers' checks.
C) currency.
D) transaction accounts.


A

Economics

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Changes in which of the following shifts the aggregate supply curve? i. the price level ii. the money wage rate iii. potential GDP

A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii

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Most economists agree that the size of the bias in the CPI is at least

a. 0.1 percent b. 0.5 percent c. 1 percent d. 1.5 percent e. 2 percent

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Use the figure below to answer the following question. At equilibrium, economic surplus is represented by the area

A. b + c. B. b. C. a. D. a + b. 

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An entrepreneur is

A. a legal form of business. B. the rate of discount. C. the rate of return on capital. D. one who takes risks and makes innovations in organizing a firm.

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