An innovation that blurred the distinction between brokerage firms and commercial banks was Merrill Lynch's development in 1977 of the
A) cash management account.
B) money market mutual fund.
C) individual retirement account.
D) discount brokerage.
A
Economics
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Suppose earnings are given by E = $60 + $7(24 ? L), where E is earnings and L is the hours of leisure. What is the price to the worker of consuming an additional hour of leisure?
A. $24 B. $12 C. $7 D. $10
Economics
The Keynesian contention that the short-run aggregate supply curve is horizontal is based on the assumption that there are
A. upward sloping prices. B. sticky prices. C. real prices. D. flexible prices.
Economics