The major factor distinguishing M1 from M2 is:
a. Legal tender status.
b. Liquidity.
c. Whether or not the financial asset is backed by gold, silver, or some other precious metal.
d. Whether or not the financial asset can be turned into a precious metal quickly and without substantial loss of value.
e. All of the above are important distinguishing factors.
.B
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In the figure above, with international trade U.S. companies buy ________ helicopters per year
A) 240 B) 480 C) 720 D) 360
How does the principal-agent problem increase the possibility of moral hazard?
What will be an ideal response?
The phase of the business cycle that follows a recession is known as the:
a. peak. b. recession. c. recovery. d. trough.
A common measure of income distribution is the:
a. Bergson curve b. Kornai Curve c. Feldstein curve d. The Hayek Curve e. the Gini coefficient