Which of the following would lead to a change in the money measure, M1?
A) a customer purchases music downloads with a debit card
B) a customer withdraws funds from her checking account to purchase a 6-month time deposit
C) depositing a paycheck drawn against Bank of America into your checking account in Wells Fargo Bank
D) interest payments by the Treasury on its debt
Ans: B) a customer withdraws funds from her checking account to purchase a 6-month time deposit
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A rent ceiling set below the equilibrium rent
A) ensures the availability of enough low-rent apartments in a city. B) results in all renters and potential renters being better off. C) creates a situation in which the quantity demanded of housing is greater than quantity supplied. D) ensures that landlords earn a reasonable rate of profit on apartments. E) eliminates discrimination by landlords.
Which of the following features was prominent in the airline industry during the 1950s?
a. The airlines had to concentrate on cost reduction. b. The airlines had to lower the frequency of flights to meet rising costs. c. The airlines served food prepared by their own employees or by other airlines. d. The airlines industry was revolutionized by low-cost budget airlines.