Which of the following is not included in M1 or M2?
A. currency in circulation outside of commercial banks
B. checking account balances
C. traveler's checks
D. credit card balances
Answer: D
Economics
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In the short run, it is impossible for an expansion of output to cause an increase in: a. ATC
b. AVC. c. AFC. d. MC.
Economics
Effective usury laws cause:
A. a surplus of money in money markets. B. the quantity of money demanded to be brought into balance with the quantity supplied. C. the quantity of money supplied to exceed the quantity demanded. D. a shortage of money in money markets.
Economics