Other things constant, which of the following would cause the M2 money supply to decline?
a. an increase in the quantity of U.S. currency held overseas
b. a shift of funds from interest-earning checking accounts to money market mutual funds
c. a reduction in the general public's holdings of currency outside of banks because debit cards have become more popular and widely accepted
d. a shift of funds from money market mutual funds into stock and bond mutual funds because the fees to invest in the latter have declined
D
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What is the profit maximizing (loss minimizing) quantity for the perfectly competitive firm to produce?
When a consumer allocates her limited budgetary resources to maximize her well-being, ____ is achieved
a. the elimination of scarcity b. market equilibrium c. consumer equilibrium d. the maximization of marginal utility