In the United States since 1970, the quantity of M1 money people hold as a percentage of GDP has
A) decreased.
B) remained constant.
C) decreased at first and then increased.
D) increased at first and the decreased.
E) increased.
A
Economics
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Rather than go out to eat by yourself, you decide to stay at home and fix dinner for yourself and your two roommates. Your roommates applaud your decision
Your roommates tell you that your decision to eat at home has no opportunity cost because you already have all the dinner ingredients in your pantry. Is this comment correct?
Economics
As other firms enter a monopoly's market, the monopoly's market power
A) is unaffected. B) declines. C) increases. D) increases according to the Lerner Index but decreases according to the price/marginal cost ratio.
Economics