The definition of M2 includes
I. M1.
II. money market mutual funds.
III. currency held outside of banks.
A) I and II only
B) I and III only
C) II and III only
D) I, II, and III
D
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In the above figure, suppose the economy is initially at point A. People come to expect the future U.S. exchange rate to be higher. As a result there is a change from point A to a point such as ________
A) point B B) point C C) point D D) point E
How can one "beat the market"?
What will be an ideal response?
Which of the following is true under monopoly?
a. Price is equal to marginal revenue. b. Price is equal to marginal cost. c. Price is less than marginal revenue. d. Price is less than marginal cost. e. Price is greater than marginal revenue.
Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $6 and a quantity of 40 units. If the government imposes a $2 per-unit tax on this product, consumer surplus will fall from:
A. 80 to 45. B. 160 to 80. C. 90 to 45. D. 160 to 90.