The fastest growing money supply since 1970 has been
a. M1
b. M2
c. M3
d. M1 and M3 (approximately the same rate) and not M2 because M2 is part of M3
e. M1, M2, and M3 which, by definition, must grow at the same rate
B
Economics
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If the government's expenditures exceeded its receipts, it would likely
a. lend money to a bank or other financial intermediary. b. borrow money from a bank or other financial intermediary. c. buy bonds directly from the public. d. sell bonds directly to the public.
Economics
Assume the price of a product sold by a purely competitive firm is $5. Given the data in the accompanying table, at what output level is total profit highest in the short run?
A. 20
B. 30
C. 40
D. 50
Economics