When economists and government officials speak about the money supply, they usually mean M2

a. True
b. False


B

Economics

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Refer to the table below. Martha's opportunity cost of making a cake is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes

A. 60 pies. B. 3/4 of a pie. C. 6 pies. D. 4/3 of a pie.

Economics

P x Q is:

a. A stock value. b. A flow value. c. Totally unrelated to stocks and flows. d. Equal to real GDP

Economics

Which of the following is not an example of the issue of time inconsistency?

A) a central bank announced to maintain low inflation and at the same time increased money supply B) a government stated that they will not negotiate with hostage takers. When someone is taken hostage, it negotiates C) a mom says to her kids no cookie before meals and she never gives cookies before her kids eat their meals D) a person on diet eats ice cream for dinner

Economics

Economic growth shifts a society's production possibility frontier away from the origin.

Answer the following statement true (T) or false (F)

Economics