If Rob deposits $300 in currency into his savings account at Bank of America,
A) M1 decreases.
B) M1 does not change.
C) M2 increases.
D) M2 decreases.
E) M1 and M2 both increase.
A
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Suppose the table below describes the demand for a good produced by monopolist.PriceQuantity$101$92$83$74$65$56$47The monopolist's marginal revenue from selling the 4th unit of output is less than $7 because:
A. demand is perfectly elastic. B. marginal cost is greater than $3. C. the consumer only pays $4 for the 4th unit. D. it has to charge $1 less for each of the first 3 units of output.
In an economy, there is $200 million in currency held outside banks, $100 million in traveler's checks, $250 million in currency held inside the banks, $300 million in checking deposits, and $600 million in savings deposits
The value of M1 is ________. A) $750 million B) $1,200 million C) $1,150 million D) $600 million
All else constant, a cartel agreement will become more difficult to enforce as the number of firms competing the market increases and the members of the cartel produce a differentiated product
Indicate whether the statement is true or false
Which of the following statements best describes the role of competitive firms within an economy?
a. Smaller economies often have fewer competitive firms making goods within their economy, and thus firms have less pressure from other firms to provide the goods and prices that consumers want. b. Smaller economies often have fewer competitive firms making goods within their economy, and thus firms have more pressure from other firms to provide the goods and prices that consumers want. c. Larger economies often have fewer competitive firms making goods within their economy, and thus firms have less pressure from other firms to provide the goods and prices that consumers want. d. Larger economies often have fewer competitive firms making goods within their economy, and thus firms have more pressure from other firms to provide the goods and prices that consumers want.