Which of the following is included in M0, but not in M1?
A) demand deposits
B) deposits of depository institutions at the Federal Reserve
C) currency held by the U.S. public
D) U.S. currency held by foreigners
B
Economics
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When a California farmer decides to harvest lettuce using machines instead of by migrant workers, the farmer is answering the ________ part of one of the two big economic questions
A) "how" B) "for whom" C) "scarcity" D) "what"
Economics
Jim recently graduated from college. His income increased dramatically;from$5000 a year to $60,000 a year. Jim decided that instead of using the bus, he would buy himself a car. This implies that
a. The car is a normal good for Jim b. The car is an inferior good for Jim c. He is equally happy between using the bus and buying a car d. None of the above
Economics