The distinction between M1 and M2 has blurred over time because:
a. M1 is now larger than M2
b. depositors can transfer funds between accounts easily.
c. the Federal Reserve has defined them less precisely.
d. M1 is becoming less liquid.
e. banks are now offering time deposits.
b
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Mandy saved her allowance to buy a 12 pack of cream soda. When Mandy's brother saw the soda, he took four. Sodas were allocated between Mandy and her brother through
A) force. B) majority rule. C) first-come, first-served. D) sharing equally. E) personal characteristics.
As perfectly competitive firms leave a market because they are incurring an economic loss, the price of the good ________ and the economic loss of each remaining firm ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases
Describe the policies that would be associated with Import Substitution Industrialization. What are the primary criticisms of these policies?
What will be an ideal response?
Taxes on capital gains and interest decline as inflation rates increase
a. True b. False Indicate whether the statement is true or false