Which of the following compose the M2 money supply?
a. currency only
b. currency, demand deposits, other checkable deposits, and traveler's checks
c. M1 plus large denomination time deposits and Eurodollar deposits
d. M1 plus savings deposits, small-denomination time deposits, and money market mutual funds (retail)
D
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Refer to the above figure. The market supply and demand curves in a perfectly competitive market intersect at $4. Which of the graphs represent the situation for an individual firm?
A) Panel A B) Panel B C) Panel C D) Panel D
In a market system, prices are used to coordinate economic activity.
Answer the following statement true (T) or false (F)
Requiring cars in Los Angeles to reduce pollution by the same amount as cars in Topeka is inefficient
a. True b. False Indicate whether the statement is true or false
____ refer to goods and services that are produced domestically and sold in another country
a. Imports b. Exports c. Intermediary goods d. Merit goods