Refer to the figure above. When the demand curve for flash drives is D and the supply curve of flash drives is S1, the equilibrium quantity is:

The productive resource that includes all the "gifts of nature" is called

A) land. B) labor. C) capital. D) entrepreneurshi

The monetary base does NOT include which of the following items?

i. Federal Reserve notes ii. banks' reserves at the Federal Reserve iii. U.S. government securities owned by the Federal Reserve A) i only B) ii only C) iii only D) both i and ii E) both ii and iii