Traveler's check are
A) part of M1 only.
B) part of M2 only.
C) part of M1 and M2.
D) not part of M1 or M2.
C
Economics
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If nominal GDP is $10 trillion and real GDP is $8 trillion, then the GDP deflator is
a. 80, and this indicates that the price level has decreased by 20 percent since the base year. b. 80, and this indicates that the price level has increased by 80 percent since the base year. c. 125, and this indicates that the price level has increased by 25 percent since the base year. d. 125, and this indicates that the price level has increased by 125 percent since the base year.
Economics
General Electric and Westinghouse were convicted of
A. Price-fixing. B. Price leadership. C. Marginal cost pricing. D. Allocation of market shares.
Economics