Currency held outside banks + demand deposits + travelers checks + other checkable deposits =
A. M3 - M1.
B. M2 - M1.
C. M3.
D. M1.
Answer: D
You might also like to view...
Use the following graph to answer the next question.
Suppose the economy is currently in equilibrium at output level Q2, but full-employment output is at level Q1. If the government fails to enact fiscal policy and no other conditions change, the eventual price level will most likely be closest to
A. P0. B. P1. C. P2. D. P3.
Is wage discrimination more likely or less likely in competitive markets?
Figure 11-7
For the firm in Figure 11-7, an unregulated monopolist, profit-maximizing output is below the long-run competitive level by how much?
a.
100
b.
75
c.
50
d.
25
In the above figure, assuming Firm 1 and Firm 2 are the sole producers in the industry, the industry quantity supplied at price P1 is equal to
A. Q1 + Q2. B. Q4 - Q2. C. Q1 + Q3. D. Q2 + Q4.