All transaction deposits are included in

A. M1 only.
B. M2 only.
C. both M1 and M2.
D. savings balances only.

Answer: C

Economics

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For developed countries like the United States, GDP will always exceed GNP

Indicate whether the statement is true or false

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When a good is nonexcludable, then individuals

A. will purchase the good for more than what it cost to produce the good. B. can obtain the benefits of the good without paying for it. C. have an incentive to become free riders. D. will purchase more than the optimum amount. E. b and c

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