Which one of the following is the largest component of the money supply (M1) in the United States?
A. checkable deposits
B. gold certificates
C. credit cards and traveler's checks
D. Federal Reserve notes
Answer: A
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Chinese exports of toys and footwear can be explained by factor endowments, while Chinese exports of telecommunications equipment and computers and accessories can be explained by product-cycle analysis
Indicate whether the statement is true or false
What crucial role do financial intermediaries perform in an economy?
What will be an ideal response?
Suppose a change in the stock market makes people feel wealthier, increases consumption, and shifts the aggregate-demand curve right. The change in the stock market must have been
a) an increase in stock prices. b) a decrease in stock prices. c) the stock market has no effect on wealth and consumption. d) no change in stock prices.
The existence of government programs that provide in-kind transfers have ______.
a. more or less eliminated income inequality b. probably caused income inequality estimates to be overstated c. probably caused income inequality estimates to be understated d. created greater amounts income inequality