If Joe withdraws a $100 bill from his checking account and Jack deposits another $100 bill in his savings account, by how will M1 and M2 change?
A) M1 will decrease, but M2 will remain the same.
B) M1 will increase, and M2 will increase.
C) M2 will decrease by $100.
D) Both M1 and M2 will remain the same.
E) M1 will remain the same, and M2 will increase.
A
You might also like to view...
A natural gas monopoly currently sells 100 cubic feet of gas at $1.10 per cubic foot. To sell one more cubic foot, the natural gas company must lower the price of gas to $1.09 . Which of the following best describes the marginal revenue of the 101st cubic foot of natural gas? a. The marginal revenue equals the price, or $1.09
b. The marginal revenue equals the change in price, or $ 0.01. c. The marginal revenue is less than $1.09. d. The marginal revenue is greater than $1.09.
If you go to the movies on Thursday night, the only cost to you is the price you pay for the movie ticket.
Answer the following statement true (T) or false (F)