Money market mutual funds sell shares to investors and use the money to buy
A) mortgage-backed securities.
B) foreign currency.
C) short-term securities.
D) overseas assets through foreign direct investment.
Answer: C
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If households were to switch production away from an equal division of chores
(e.g., doing dishes, mowing the lawn, etc.) to a system based on specialization and trade, the efficiency of household production would probably ________ and leisure time would probably ________. A) decrease; decrease B) decrease; increase C) increase; increase D) increase; decrease
During the 1900-1950 period,
a. the growth of real GDP was more stable than has been the case since 1950. b. unemployment seldom exceeded 4 percent of the labor force. c. double-digit swings in real GDP during a single year were not uncommon. d. the money supply was increased at a constant annual rate of between 4 percent and 6 percent throughout the period.
Refer to the diagram for a pure monopolist. Monopoly profit:
A. cannot be determined from the information given.
B. will be ae per unit sold.
C. will be bc per unit sold.
D. will be ac per unit sold.
Money is a convenience that makes the economic pie bigger
Indicate whether the statement is true or false