Author Question: Money market mutual funds A) are included in M2 but not M1. B) are included in M1 but not M2. ... (Read 58 times)

AEWBW · **on:** Jun 29, 2018

Money market mutual funds

A) are included in M2 but not M1.
B) are included in M1 but not M2.
C) are included in M1 and M2.
D) are the largest part of the monetary base.
E) None of the above is correct.

Question 2

If both the goods and the labor market are perfectly competitive, a firm that hires labor up to a point where the value of marginal product of labor equals the wage rate also produces at a point where price is:

A) equal to average cost.
B) equal to marginal cost.
C) less than marginal cost.
D) higher than marginal cost.