Refer to the given list. The assets that are not included in either M1 or M2 are:
Answer the question on the basis of the following list of assets:
1. Large-denominated ($100,000 and over) time deposits
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (under $100,000) time deposits
5. Stock certificates
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
9. Money market mutual fund balances held by businesses
10. Currency held in bank vaults
A. Items 1, 5, 9, and 10.
B. Items 2, 5, 8, and 9.
C. Items 1, 3, 5, 7, and 9.
D. All of the ten items listed.
A. Items 1, 5, 9, and 10.
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Which of the following is NOT a determinant of the price elasticity of demand?
A) the availability of potential substitutes B) the share of the budget spent on the item C) the time the consumer has to adjust to the price change D) the cost to produce the product
In a purely competitive industry:
A. there will be no economic profits in either the short run or the long run. B. economic profits may persist in the long run if consumer demand is strong and stable. C. there may be economic profits in the short run but not in the long run. D. there may be economic profits in the long run but not in the short run.