The Optimal Mix of Output Is Always the Same as the

question 77

Multiple Choice

The optimal mix of output is always the same as the

• A)Output that consumers demand.
• B)Most desired combination on a production possibilities curve.
• C)Output that the government provides.
• D)Output that producers produce.

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Definitions:

M2

M2 refers to a measure of the money supply that includes cash, checking deposits, and easily convertible near money.

M3

A measure of the money supply that includes M2 plus large time deposits, institutional money market funds, and other large liquid assets.

Money Supply

The broad total of financial assets available in an economy at a specified moment.

Gold

A precious metal used as an investment, a currency hedge, and in various industrial applications, valued for its rarity and physical properties.