If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall.
b. M2 money supply to fall.
c. M2 money multiplier to remain the same.
d. M2 money supply to rise.
.C
Economics
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The requirement that New York City taxi drivers own a "medallion" in order to operate a taxi in the city reduces competition and raises the fares that customers pay
a. True b. False
Economics
Refer to the diagram for the corn market. As the result of a supported corn price of B:
A. a surplus of LG will result.
B. a surplus of LH will result.
C. a surplus of HG will result.
D. a shortage of LG will result.
Economics