M1 equals currency plus demand deposits plus

a. nothing else.
b. other checkable deposits.
c. traveler's checks plus other checkable deposits.
d. traveler's checks plus other checkable deposits plus savings deposits.

c

Economics

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If Year 1 is the base year, the GDP price deflator for Year 2 is approximately

A) 100.0. B) 126.3. C) 131.3. D) 181.0.

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In the long run in monopolistic competition,

a. economic profits are zero. b. P = MC. c. P = minimum ATC. d. firms have an incentive to leave. e. the demand curve is tangent to the MC curve.

Economics