Freema withdraws $1,000 from her checking account to purchase a $1,000time-deposit. As a result of her transaction:Select one:a. M1 and M2 decrease.b. M1 decreases and M2 increases.c. M1 decreases and M2 is una²ected.d. M1 and M2 are una²ected.
Assume an economy is operating on its production possibilities curve,which shows the production of military and civilian goods. If the output ofmilitary goods is increased, the output of civilian goods:
The cross price elasticity of demand for substitutes goods is: