Under the gold standard, a balance of payments surplus leads to an outflow of gold

If resources are used efficiently, then ________

A) marginal social cost is minimized B) consumer surplus plus producer surplus is maximized C) consumer surplus equals producer surplus D) producer surplus is maximized

The largest proportion of M1 is made up of

A) checking account deposits. B) savings account deposits. C) currency. D) traveler's checks. E) time deposits.