At the end of an expansion, wages of workers are usually rising faster than prices
Indicate whether the statement is true or false
TRUE
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The largest component of M2 is
A) savings deposits. B) currency. C) money market mutual funds. D) travelers checks.
Which of the following statements is TRUE?
A) The 1957 Treaty of Rome founded the EU and created a custom union. B) The 1957 Treaty of Rome founded the EU. C) The 1957 Treaty of Rome founded the euro. D) The 1957 Treaty of Rome founded the European Central Bank. E) The 1957 Treaty of Rome founded the Stability and Growth Pact. known as SGP.
A decrease in the discount rate ________ bank reserves and ________ the federal funds rate
A) increases; raises B) increases; lowers C) decreases; raises D) decrease; lowers
The difference between the price a seller actually receives for a good and the seller's reservation price is:
A. consumer surplus. B. variable cost. C. producer surplus. D. profit.