Which of the following is not included in M2?
A) Money market mutual funds held by individuals
B) Money market deposit accounts
C) Money market mutual funds held by institutions
D) Small-denomination time deposits
C
Economics
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According to the text, the price elasticity of demand for bath tissue has been estimated to be -2.42. This implies that a 10 percent decrease in the price of bath tissue would cause the quantity demanded of bath tissue to:
A) increase by 2.4 percent. B) decrease by 2.4 percent. C) increase by 24.2 percent. D) decrease by 24.2 percent.
Economics
Transfer payments are:
A) included in GDP. B) not included in GDP. C) included in both GDP and GNP. D) none of the above.
Economics