Which of the following is included in M1?
A. Certificates of deposit.
B. Treasury bills.
C. Balances in transactions accounts.
D. Balances in savings accounts.
Answer: C
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Technological advancements that increase labor's productivity shift the labor supply curve to the right
Indicate whether the statement is true or false
Marvin’s country has a very small amount of capital. If his country adds a single unit of capital, the result will be a relatively ______ in output.
a. large decrease b. minor increase c. large increase d. minor decrease
Recession can cause widespread bank crises for all of the following reasons except:
A. borrowers' default rates increase. B. there is less business investment as banks make fewer loans. C. the negative effect on banks' balance sheets. D. bank capital increases.
Refer to the above table. If the price of Good A is $2, the price of Good B is $2, and the consumer has $14, the rational consumer will purchase
A. 6 units of Good A and 6 units of Good B. B. 6 units of Good A and 0 units of Good B. C. 3 units of Good A and 4 units of Good B. D. 3 units of Good A and 3 units of Good B.