What is larger: M1 or M2? Why?
What will be an ideal response?
M2 is larger than M1. M2 includes M1 plus additional assets, so M2 must be larger than M1. In June, 2011, M1 was approximately $1,950 billion and M2 was about 5 times larger at approximately $9,100 billion.
Economics
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The elasticity of supply equals ________ if the supply curve is vertical
A) 0 B) 1 C) infinity D) -1
Economics
If the marginal cost curve is below the average variable cost curve, then
A) average variable cost is increasing. B) marginal cost must be decreasing. C) average variable cost could either be increasing or decreasing. D) average variable cost is decreasing.
Economics