Money market mutual funds are ________ the M1 measure of money and ________ the M2 measure of money.
A. excluded from; excluded from
B. included in; excluded from
C. excluded from; included in
D. included in; included in
Answer: C
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Which of the following statements is TRUE?
A) The long-run aggregate supply curve is vertical. B) The short-run aggregate supply curve is vertical. C) The long-run aggregate demand curve is upward sloping. D) The long-run aggregate supply curve is upward sloping.
When the prices of U.S.-produced goods rise and the price of foreign-produced goods do not change, the result is
A) an increase in exports. B) a decrease in exports. C) a decrease in imports. D) no change in imports or exports.
Inflation that causes an increase in the prices of goods and services will, other things being equal, tend to decrease nominal GDP
a. True b. False Indicate whether the statement is true or false
If price were $20, there would be _____ (shortage or surplus) of about ________.
