If we consider the period from 1973 to 2007, real wages were the lowest around the year

Which of the following would cause an increase in M1?

A) a reduction in the required ratio of reserves to deposits B) an increase in the discount rate C) an open market operation where the Fed buys bonds D) all of the above E) none of the above

Scarcity is caused by

A) unlimited wants running up against limited economic resources. B) a company's slow production speed. C) an individual's budget that is insufficient to cover the expenses of certain goods or services. D) shortages.