The M1 definition of the money supply
A. includes only coins and currency.
B. includes only things that can be used as a medium of exchange, while the M2 definition includes some things that cannot be used directly as a medium of exchange.
C. includes some kinds of accounts that are not included in M2.
D. tends to grow more rapidly than M2.
B. includes only things that can be used as a medium of exchange, while the M2 definition includes some things that cannot be used directly as a medium of exchange.
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Refer to Table 21.1. What is the median income on Richlandia?
A) $40,000 B) $69,000 C) $75,000 D) $85,000
Which of the following would NOT be associated with the LATE PHASE of the product cycle?
A) Consumption in high income countries begins to exceed production. B) Increasing share of output is moving to developing countries where abundant low skilled and semi-skilled labor keep production costs low. C) Consumption continues to grow in low income countries. D) There is experimentation and improvement in design and manufacturing.