Which of the following are NOT true?
a. Credit cards are the same as debit cards when determining the money supply.
b. Credit cards are included in M2 but not M1.
c. Credit cards do not impact the demand for money.
d. Credit cards are a means of payment.
e. All of the above are true.
E
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Refer to the Article Summary. How would the NFL know if it was operating on the elastic portion of the demand curve for Super Bowl tickets?
A) If they decreased ticket prices and the total revenue from ticket sales did not change. B) If they increased ticket prices and the total revenue from ticket sales decreased. C) If they increased ticket prices and the total revenue from ticket sales increased. D) If they increased ticket prices and the total revenue from ticket sales did not change.
Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2013 and 2016
A) 23.1% B) 23.8% C) 30% D) 42.9%
Least squares regression minimizes the sum of the absolute errors
Indicate whether the statement is true or false
________ is (are) the endogenous variable(s) in the Phillips curve
A) Expected inflation B) Inflation C) The natural rate of unemployment D) all of the above E) none of the above