The M1 money supply is composed of:
A. All coins and paper money held by the general public and the banks
B. Bank deposits of households and business firms
C. Bank deposits and mutual funds
D. Checkable deposits and currency in circulation
D. Checkable deposits and currency in circulation
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The Robinson-Patman Act strengthened the merger provisions of the Clayton Act
a. True b. False Indicate whether the statement is true or false
A decrease (leftward shift) in the supply for a good will tend to cause
a. an increase in the equilibrium price and quantity b. a decrease in the equilibrium price and quantity c. an increase in the equilibrium price and a decrease in the equilibrium quantity d. a decrease in the equilibrium price and an increase in the equilibrium quantity e. none of the above.