A vertical supply curve for fish represents a

a. surplus of fish
b. shortage of fish
c. market-day supply curve
d. short-run supply curve for fish
e. long-run supply curve for fish

C

Economics

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The sum of the Fed's monetary liabilities and the U.S. Treasury's monetary liabilities is called

A) the money supply. B) currency in circulation. C) bank reserves. D) the monetary base.

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The successor to GATT in 1995 is

A) the World Agreement on Tariff and Trade. B) the World Trade Organization. C) the World Trade Agreement. D) the World Trade and Tariff Organization.

Economics