M1 equals currency plus demand deposits plus
a. nothing else.
b. other checkable deposits.
c. traveler's checks plus other checkable deposits.
d. traveler's checks plus other checkable deposits plus savings deposits.
c
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Suppose the price of leather used to produce shoes increases. The higher price of leather ________ the supply of shoes, and the supply curve of shoes ________
A) does not change; does not shift B) decreases; shifts rightward C) increases; shifts rightward D) increases; shifts leftward E) decreases; shifts leftward
Some employers choose to discriminate as a means of ____ information costs by hiring workers from a similar background as those that were ____ productive in the past
a. increasing; more b. reducing; more c. increasing; less d. reducing; less
Frank owns an apple farm and plans to spend 4 hours today picking apples. The number of apples he can pick per hour depends on the total number of hours he spends working in either the east orchard or the west orchard in the manner shown in the accompanying table below.Hours in East OrchardNumber of Apples Per HourHours in West OrchardNumber of Apples Per Hour140110232210325310420410 If Frank spends 2 hours picking apples in the east orchard and 2 hours picking apples in the west orchard, how many apples in total will Frank be able to pick today?
A. 84 B. 92 C. 42 D. 21
Gross public debt is
A. the total value of budget deficits plus budget surpluses over the past five years. B. an excess of government spending over government revenues during a given time period. C. all federal government debt irrespective of who owns it. D. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period.