In 1971 money market mutual funds were introduced as an alternative to

A) commercial paper.
B) Treasury bills.
C) repurchase agreements.
D) bank deposits.

D

Economics

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If a major league baseball player would be willing to work for $500,000 per year and is currently being paid $1,200,000 per year, the opportunity cost of his decision to play baseball is

A) $500,000. B) $1,200,000. C) $1,700,000. D) $700,000.

Economics

According to the graph shown, what does P on the y-axis stand for?

A. Price of GDP B. Inflation rate C. Average price level D. Price of Y

Economics