M2 is both larger and less liquid than M1
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Economists have shown that the burden of a tax is
A) greater on the buyer when the tax is collected from the seller and greater on the seller when the tax is collected from the buyer. B) the same whether the tax is collected from the buyer or the seller. C) greater on the buyer when the tax is collected from the buyer. D) greater on the seller when the tax is collected from the seller.
Over the inelastic range of a demand curve, there is
A) a positive relationship between a given percentage change in price and a change in total revenues. B) a negative relationship between a given percentage change in price and a change in total revenues. C) an increase in total revenues regardless of an increase or decrease in price. D) no relationship between changes in price and changes in total revenues.