Which of the following is included in M1, but not included in M2?
A. travelers checks
B. demand deposits
C. currency held outside banks
D. none of the above
Answer: D
You might also like to view...
What is the percentage of income received by the lower three quintiles on line K?
For a perfectly competitive firm, price always equals marginal revenue.
Answer the following statement true (T) or false (F)
If actual inflation is less than expected inflation, what is the relationship between the actual real wage and the expected real wage?
A) The actual real wage is higher than the expected real wage. B) The actual real wage is lower than the expected real wage. C) The actual real wage is equal to the expected real wage. D) The relationship between the actual real wage and the expected real wage cannot be predicted.
A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30
If a governmental agency imposes an $8 per unit specific tax on output, the deadweight loss from both the monopoly and the tax is A) $37.50. B) $73.00 C) $526.50. D) $562.50.