Liquidity refers to the
a. rapidity with which money flows through the economy.
b. ease with which an asset can be converted into cash.
c. ease with which banks move funds from checking to savings accounts.
d. All of the above are correct.
b
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Refer to Table 8-9. Suppose that the above table represents the goods and services produced in a very simple economy in 2016. Assume that steel is used as an input in the production of autos. Using that information, calculate GDP for the year 2016
What will be an ideal response?
A monopoly is a sole ___________, and a monopsonist is a sole ___________
a. buyer in a goods market; seller in a goods market b. seller in a goods market; seller in a labor market c. buyer in a goods market; seller in a labor market d. seller in a goods market; buyer in a labor market e. seller in a labor market; buyer in a goods market