Which one of the following is the largest component of the money supply (M1) in the United States?
a. Checkable deposits.
b. Gold certificates.
c. Credit cards and traveler's checks.
d. Federal Reserve notes.
a
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In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed b. Managers typically do not have the information to run their division efficiently c. Managers' decisions can affect other divisions d. Managers typically do not have the incentives to run their division efficiently
The M1 money supply consists of:
a. only coins and currency held by the nonbank public b. certificates of deposit only. c. coins and currency held by the nonbank public, checkable deposits, and traveler's checks. d. money market mutual fund accounts, savings accounts, and other miscellaneous near-monies. e. only paper currency.
Which of the following characteristics of perfect competition does not apply in monopolistic competition?
A. Free entry and exit B. Homogeneous products C. Numerous participants D. Perfect information
If the price of output increases, the labor ________ curve shifts to the ________.
A. demand; left B. demand; right C. supply; left D. supply; right