An increase in supply is graphically represented by a leftward shift of the supply curve
Indicate whether the statement is true or false
False
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Which of the following statements is true about M2?
A) Its total value is smaller than that of M1. B) Apart from those assets also included in M1, it includes no assets that offer check-writing features. C) Its total value is about five times as large as M1. D) It includes large-denomination time deposits.
The diagram that represents how income is distributed among members of a population is known as a(n):
a. indifference curve. b. Laffer curve. c. Edgeworth box. d. Lorenz curve. e. Phillips curve
A society is saving lives (productively) efficiently if
a. there are no unemployed resources in the health care sector b. there are no unemployed resources anywhere in the economy c. there is no way to save more lives d. there is no way to save more lives without sacrificing some other goods or services e. the opportunity cost of saving one more life is zero
Exhibit 6-2 Refer to Exhibit 6-2. How many persons are not participating in the labor force in year 1?
a. 25 million b. 50 million c. 75 million d. 175 million e. 200 million