Refer to Figure 18.1. The opportunity cost of hang gliders in the United States is

A) 1/4 of a bicycle. B) 1/3 of a bicycle. C) 3 bicycles. D) 4 bicycles.

B

Economics

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________ would be the source of a "real" business cycle

A) Unanticipated changes in monetary policy B) Anticipated changes in monetary policy C) Technology shocks D) all of the above

Economics

M1 refers to:

a. the most narrowly defined money supply definition. b. currency held by the public plus checking account balances. c. the smallest of the money-supply definitions. d. all of these.

Economics