From 1970 to 2007 the quantity of M1 fell from 20 percent of GDP to less than 10 percent. This change is because the ownership of credit cards ________ during this time period since ________
A) expanded from 18 percent to 76 percent; credit cards became more widely available and utilized
B) expanded from 18 percent to 76 percent; there were several recessions during that period
C) fell from 76 percent to 18 percent; credit cards became less widely available and utilized
D) remained unchanged; credit cards do not affect the quantity of money
E) fell from 76 percent to 18 percent; there were several recessions during that period
A
Economics
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All of the Newly Industrializing Economies are in East Asia
Indicate whether the statement is true or false
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Which of the following type of firm is not a price taker in the market in which the firm buys its inputs?
a. Perfect competition. b. Monopsony. c. Oligopoly. d. Monopoly.
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