M2 consists of
A) M1 plus currency at the banks.
B) M1 plus Federal Reserve notes.
C) M1 plus checkable deposits.
D) M1 plus saving deposits, small time deposits, and money market funds.
E) M1 plus traveler's checks.
D
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Economic theory suggests politicians will be most likely to favor redistribution of income from
What will be an ideal response?
In a perfectly competitive resource market the labor supply curve facing the single firm is
A) vertical. B) horizontal. C) downward sloping. D) upward sloping.
At any price equal to ______ a firm can maximize profit either by producing the best positive sales quantity or by shutting down.
A. the maximum of AC B. the minimum of MR C. the minimum of AC D. the minimum of MC
An opportunity cost is
A) an opportunity lost. B) only the explicit costs of an action. C) only the costs a person can consciously articulate at the moment of deciding. D) none of the above.