Which of the following is true of M1?
a. It is equal to M2
b. It consists of all near-monies.
c. It consists of certificates of deposit.
d. It is the broader definition of money.
e. It is only a fraction of M2.
e
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Which of the following is not considered a factor that influences supply?
A) Technology. B) Production taxes and subsidies. C) The number of buyers. D) Resource prices.
As the price level rises, people feel wealthier and aggregate demand increases
Indicate whether the statement is true or false
Which of the following statements is true about buying an old factory?
A. It is a financial investment but not an economic investment. B. It is an economic investment but not a financial investment. C. It is both an economic and a financial investment. D. It is neither an economic nor a financial investment.
If all resources used in the production of a product are increased by 10 percent and output increases by less than 5 percent, then the firm is experiencing:
A. Economies of scale B. Diseconomies of scale C. Constant returns to scale D. Decreasing average total costs