The M2 monetary aggregate contains everything that is in M1 plus other assets that are highly ________ (can be turned into cash quickly at very little cost)
A) liquid
B) stable
C) consistent
D) efficient
A
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The additional utility that George receives from consuming one more slice of pizza is called
A) diminishing utility. B) total utility. C) average utility. D) marginal utility.
Open market sale will result in:
A) increase in bank reserves and a decrease in the federal funds rate. B) increase in bank reserves and an increase in the federal funds rate. C) decrease in bank reserves and a decrease in the federal funds rate. D) decrease in bank reserves and an increase in the federal funds rate.
Refer to the accompanying figure. The opportunity cost of making an additional salad:
A. decreases as the number of salads increases. B. increases as the number of salads increases. C. decreases as the number of pizzas decreases. D. remains constant regardless of how many salads are made.
One's own personal gain
a. standard of living b. privatize c. economic system d. self-interest e. factor payments