What is a metaphor for money?
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Which of the following is an implicit cost of owning and operating a farm?
The money a farmer could earn by working for someone else.
The money paid for repairing a tractor.
The money received for the crops grown during the season.
The money paid for fertilizer each growing season
An increase in nominal GDP increases the demand for money because:
interest rates will rise.
more money is needed to finance a larger volume of transactions.
bond prices will fall.
the opportunity cost of holding money will decline.
Category of money supply includes money that is quickly and easily accessed (Currency, Coins, Checks, paper money) is:
M0
M1
M2
M3