Refer to the above figure. A long-run equilibrium in monopolistic competition is pictured by

Why are time deposits and savings accounts referred to as near money assets?

a. They cannot be used to pay for something directly but can be quickly converted to money. b. They have not been officially declared to be money by the government but can still be used to pay for things. c. They contain the money that banks must hold in reserve. d. They earn interest, and thus are nearly always increasing in value.

Macroeconomic issues include all of the following EXCEPT:

A. regulation of natural monopolies B. economic interdependence among nations C. economic growth and living standards D. inflation