The Federal Reserve's narrowest definition of the money supply is
A) M0.
B) M1.
C) M2.
D) M3.
Answer: B
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Which of the following changes will shift the money demand curve leftward?
a. An increase in the price level b. An increase in real GDP c. A decrease in the nominal interest rate d. An increase in the nominal interest rate e. A decrease in real GDP
The theory of comparative advantage explains that the gains from international trade result from pursuing comparative advantage and producing at a lower opportunity cost.
Select whether the statement is true or false. A. True B. False
Refer to Table 9-6. What is the value of $B in stage 1?
A) $100 B) $200 C) $600 D) $800
Public goods
A) are overproduced by unrestrained markets. B) are simply private goods that the government provides. C) cannot be consumed by more than one person without the degradation of the value of the good. D) can be consumed by more than one person without degradation of the value of the good.