given the list of assets which is most liquid
a. $500 worth of General Motors common stock
b. $500 worth of General Motors bonds
c. a $500 traveler's check
d. a one-ounce gold coin
c. a $500 traveler's check
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The total of all planned production for the economy is
A) aggregate supply. B) aggregate demand. C) endowments. D) real-balance effect.
If a budget is cyclically balanced, the government should run a surplus when the economy experiences a contractionary gap
a. True b. False Indicate whether the statement is true or false
Explain why the long-run aggregate supply curve is vertical.
What will be an ideal response?
Which of the following statements is correct?
A. Limited access to the health care system is a major cause of rising health care costs. B. Rising health care costs are a major cause of limited access to the health care system. C. Rising health care costs have forced employers to raise real wages above labor productivity. D. The tax subsidy that government provides for health care causes health care to be underconsumed.