A reason that economists keep an eye on both M2 and M1 is because
A) money market accounts are sometimes used like checking accounts and sometimes like savings accounts.
B) during a recession, M1 is meaningless.
C) M2 is more accurate than M1.
D) both fluctuate widely and frequently in total dollar value.
A
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Refer to Table 9-6. Select the statement that accurately interprets the data in the table
A) Celeste has an absolute advantage in making saddles and spurs. B) Mateo has an absolute advantage in making saddles and spurs. C) Neither Mateo nor Celeste has an absolute advantage in making spurs. D) Neither Mateo nor Celeste has an absolute advantage in making saddles.
Refer to Table 4-7. If a minimum wage of $12.50 an hour is mandated, what is the quantity of labor supplied?
A) 80,000 B) 550,000 C) 630,000 D) 1,180,000