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Author Question: Which of the following is included in M1? A) the 200 you charged on your credit card to purchase ... (Read 49 times)

naturalchemist

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  • Posts: 542
on: Jun 29, 2018
Which of the following is included in M1?
 
  A) the 200 you charged on your credit card to purchase your textbooks
  B) the 200 check you wrote to purchase your textbooks
  C) the 200 in cash you used to purchase your textbooks
  D) the 200 loan you arranged to purchase your textbooks

Question 2

Suppose there is a rise in the price level, but no change in the money wage rate. As a result, the quantity of labor demanded
 
  A) increases.
  B) decreases.
  C) does not change because there is no change in the real wage rate.
  D) decreases only if the money wage rate also decreases.


lindahyatt42

  • Sr. Member
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  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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