Equilibrium in the money market would be expressed by which of the following?
A. Md = (1/V)P
B. Ms = (1/V)Y
C. Ms = Md
D. Ms = (1/V)P
Answer: C
Economics
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A labor union is a(n)
a. single seller of labor on the labor market b. single buyer of labor on the labor market c. organization of workers who produce goods that are sold in union shops d. organization of workers who typically strike to obtain high wage rates e. organization of workers who refuse to work unless they are paid a wage rate above MRP
Economics
Which of the following is not a component of M1 money supply?
a. Currency b. Traveler's checks c. Savings accounts d. Demand deposits
Economics