The M1 money supply is composed of
A. all coins and paper money held by the general public and the banks.
B. bank deposits and mutual funds.
C. checkable deposits and currency in circulation.
D. bank deposits of households and business firms.
Answer: C
Economics
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Which of the following is likely to increase the supply of labor?
a. a decrease in the population b. a relaxation of restrictions on immigration c. a decrease in fringe benefits d. an increase in the value placed on leisure
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The difference between the lowest price a firm would have been willing to accept and the price it actually receives from the sale of a product is called
A) producer surplus. B) profit. C) marginal revenue. D) price differential.
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