Currency is included in
A) M1 only. B) M2 only.
C) neither M1 nor M2. D) both M1 and M2.
D
You might also like to view...
Road traffic
a. should be provided free of charge b. is efficient on a toll road c. creates a positive externality d. is efficient in London, England e. creates a negative externality
Many U.S. business leaders argue that the current state of U.S. net exports is the result of
a. U.S. export subsidies. b. free trade policies of foreign governments. c. unproductive U.S. workers. d. unfair foreign competition.
In the above figure, if the natural monopoly is regulated with a marginal cost pricing rule, then the deadweight loss to society is
A) zero. B) ecf. C) gde. D) efcb.
If a market is contestable, the market will be characterized by
a. minimum-cost production methods and a competitive (normal) profit rate. b. high barriers to entry and a small number of suppliers. c. prices in excess of production costs and mergers leading to monopoly. d. a large number of suppliers offering a homogeneous product.