The Justinian code:
a. Summarized the laws of Greece
b. Was the first example of common law
c. Codified the laws of the Roman Empire
d. Were written by Justinian himself
e. Both c and c are correct
C
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Credit cards are included in
A) the M1 money supply. B) the M2 money supply. C) all of the above. D) none of the above.
Refer to the table above. What is the marginal opportunity cost of transporting products to the market if the firm decides to choose factory Far over factory Very Far?
A) -$50 B) -$100 C) $50 D) $150
In the equation of exchange, the concept that provides the link between M and PY is called
A) the velocity of money. B) aggregate demand. C) aggregate supply. D) the money multiplier.
If the interest rate falls, other things being equal, investment spending will
A) fall. B) rise. C) either rise, fall, or remain unchanged. D) not be affected.