Which of the following is not included in M2?
A. Small-denomination time deposits
B. Money market mutual funds held by individuals
C. Money market deposit accounts
D. Money market mutual funds held by institutions
Answer: D
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How much labor does a firm require to produce q = 1000 when capital is fixed at 5 and they have a production function equal to q = 200L0.5K0.5?
A) L = 5 B) L = 2.5 C) L = 200 D) L = 2.25
The rule of MC = MR does not apply to a monopolist
a. True b. False Indicate whether the statement is true or false
Suppose that the Home country in the twosector (manufacturing and agriculture) specificfactors model has a comparative advantage in manufacturing output. What will happen to the amount of land used in producing agricultural output when trade occurs?
a. It will fall. b. It will rise. c. It will not change. d. It will first fall, then rise.
A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule:Production Possibilities ScheduleProductABCDEFSteel012345Wheat100907555300In moving from combination E to F, the opportunity cost of an additional unit of steel is
A. 0 unit of wheat. B. 30 units of wheat. C. 5 units of steel. D. 1 unit of steel.