Are funds available on a credit card included in a definition of the money supply?
a. Yes, because these funds can be used to pay for goods and services.
b. Yes, because these funds are included in M2.
c. No, because these funds are hard to measure total credit card spending.
d. No, because these funds are not a store of value.
d
Economics
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The quantity of money demanded
A) is infinite. B) is directly controlled by the Fed. C) has no opportunity cost. D) is the quantity that balances the benefit of holding an additional dollar of money against the opportunity cost of doing so. E) changes very infrequently.
Economics
On the graph for a monopolist’s losses, the firm suffers a total loss of ______.
a. $7
b. $100
c. $600
d. $700
Economics