Money market mutual funds (MMMFs) accounts are
a. M1 money
b. M2 and gold backed paper
c. gold backed paper
d. near money
e. not money
B
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The main input into the production of Starbuck’s coffee is imported coffee beans. If the dollar depreciates, how will this affect the U.S. retail coffee market?
A. Input prices will fall and supply will decrease. B. Input prices will fall and supply will increase. C. Input prices will rise and supply will decrease. D. Input prices will rise and supply will increase.
Which of the following is classified as a final good or service?
i. tires bought by GM to put on new Tahoes ii. mustard bought by Subway to put on its sub sandwiches iii. your purchase of online access to the Wall Street Journal A) iii only B) i and ii C) i, ii and iii D) ii only E) ii and iii
If the price elasticity of demand is equal to 0, then demand is unit elastic
a. True b. False Indicate whether the statement is true or false
Suppose that a U.S. dollar buys more gold in Australia than it buys in Russia. What does purchasing-power parity imply should happen?