Small-denomination time deposits are
A) considered part of near money. B) included in the definition of both M1 and M2.
C) the same as transaction deposits. D) included in the definition of M1, but not in M2.
A
Economics
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Consider the same market for nonalcoholic beer as in the previous question. Cudweiser's response function is
a. QB = 2,000 ? .5QC b. QB = 1,500 ? .5QC c. QC = 2,000 ? .5QB d. QC = 1,500 ? .5QB
Economics
Both monopolistic competition and oligopoly are market structures
a. that fail to achieve the total surplus achieved by perfect competition. b. that feature only a few firms in each market. c. to which the concept of Nash equilibrium is frequently applied by economists. d. in which firms earn zero economic profit in the long run.
Economics