Which of the following is not counted in M1?
A) currency in circulation
B) traveler's check balances
C) coins in circulation
D) credit card balances
E) checking account balances
D
Economics
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Which of the following will most likely accompany an unanticipated increase in aggregate demand?
a. an increase in real output b. an increase in unemployment c. a decrease in real GDP d. a decrease in the demand for resources
Economics
A competitive firm currently produces and sells 500 units of output. Its total revenue is $3,500; the marginal cost of producing the 500th unit of output is $5.75; and the average total cost of producing the 500th unit of output is $4.00 . Is the firm maximizing its profit, or should it increase or decrease output in order to increase its profit?
Economics