If Jennifer withdraws $750 from her checking account and holds it as currency, then M1 will ________ and M2 will ________
A) decrease; not change
B) not change; increase
C) decrease; decrease
D) not change; not change
D
Economics
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The market basket that is used by the Bureau of Labor Statistics to calculate prices is made up of which of the following?
(A) Food items only. (B) Typical goods and services for an urban household. (C) Nonfood items only. (D) Food and necessary services for any family.
Economics
If the isoquants are straight lines or L-shaped, then a cost-minimizing firm will
A) not be able to minimize costs. B) find the lowest isocost line touching the relevant isoquant. C) find the highest isocost line touching the relevant isoquant. D) choose not to produce any output.
Economics