About 42 percent of M1 is composed of:
A. demand deposits.
B. savings deposits.
C. money market mutual funds.
D. currency held by the public.
Answer: D
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Producing a soccer ball costs Jake $5 . He sells it to Darby for $35 . Darby values the soccer ball at $50 . For this transaction, the total surplus in the market is $40
a. True b. False Indicate whether the statement is true or false
Minimum wage laws
a. may encourage some teenagers to drop out and take jobs. b. create labor shortages. c. have the greatest impact in the market for skilled labor. d. All of the above are correct.
Most money in the US is created when
a. commercial banks make more loans b. commercial banks increase their liabilities c. the US Mint prints more US currency d. Investment banks increase their number of IPOs
Which of the following situations will arise in the domestic market following the imposition of an import ban?
A. imports increase, domestic production increases, prices increase B. imports increase, domestic production decreases, prices decrease C. imports decrease, domestic production increases, prices increase D. imports decrease, domestic production increases, prices decrease