Bob purchases a book for $6, and his consumer surplus is $2 . How much is Bob willing to pay for the book?

Shares of stock and long-term debt, including corporate and government bonds and bank loans, are bought and sold on

A) the stock market. B) foreign exchange markets. C) capital markets. D) commodity markets.

In a 100-percent-reserve banking system, if people decided to decrease the amount of currency they held by increasing the amount they held in checkable deposits, then

a. M1 would increase. b. M1 would decrease. c. M1 would not change. d. M1 might rise or fall.