Which one of the following is NOT a part of the M1 definition of money?
A. checkable and debitable accounts
B. savings accounts
C. paper currency (i.e., Federal Reserve notes)
D. coins
Answer: B
Economics
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Technological progress means that we produce more output with the same amount of inputs
Indicate whether the statement is true or false
Economics
An economy is at full employment when ________
A) the unemployment rate is zero B) there is no frictional unemployment C) the unemployment rate equals the natural unemployment rate D) there is no structural unemployment
Economics
What is odd pricing? Why do some merchants use odd pricing?
What will be an ideal response?
Economics
Which of the following products would be considered scarce?
a. bread b. baseballs autographed by Babe Ruth c. motorcycles d. All of the above are correct.
Economics