A Certificate of Deposit would be counted in which measure of money?
A. M1
B. M2
C. Hard money
D. It would be counted in both M1 and M2
B. M2
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The IS curve shifts to the right when ________
A) autonomous consumption decreases B) taxes increase C) autonomous investment increases D) all of the above E) none of the above
The city of Austin can buy roads or light rail. If 10 miles of roads cost $1 million and 2 miles of light rail cost $10 million, what is the city's opportunity cost of 1000 miles of roads?
a. $100 million b. 2 miles of light rail c. 200 miles of light rail d. $50 million e. $1,000 million
The nominal interest rate on a loan with an annual inflation rate of ? and a real interest rate i is represented as:
a. i+?i? b. i+??i? c. i+??i? d. i+?-i?
The United States is known worldwide as being a low tariff nation
a. True b. False Indicate whether the statement is true or false