M2 money includes all but which one of the following?
a. Checkable deposits.
b. Savings accounts.
c. Large denomination time deposits.
d. Money market deposit accounts.
e. Money market mutual accounts.
c
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The text states that the Herfindahl-Hirschman Index (HHI) for electronic computers is 680, while the HHI for chocolate is 2,188 . We can interpret this to mean that
a. people buy more chocolate than computers b. the price of computers is higher than the price of chocolate c. the demand for computers is relatively more inelastic than the demand for chocolate d. market power is more heavily concentrated in the chocolate market than in the computer market e. computers are more of a necessity than chocolate
Profit maximization can occur at some output level where marginal cost and marginal revenue are not equal
Indicate whether the statement is true or false