In the United States, the different categories of money supply measurement are based on:
a. the elasticity of money.
b. the liquidity of money.
c. the amount of purchasing power.
d. the reserve requirements in the banking system.
e. the velocity of money.
b
Economics
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Using the data in the table above, the demand for skirts is
A) elastic. B) unit elastic. C) inelastic. D) indeterminate. E) perfectly inelastic.
Economics
If a firm in the long run produces less than its efficient scale, it
A) should raise its markup to increase its profit. B) should lower its markup to increase its profit. C) cannot be a perfectly competitive firm. D) should not advertise to increase its profit. E) must have its markup equal to zero.
Economics