Which of the following is included in M2 but not in M1?
a. currency
b. demand deposits
c. savings deposits
d. All of the above are included in both M1 and M2.
c
You might also like to view...
Say's Law is the claim that the aggregate value of goods and services produced necessarily:
A. increases over time. B. will decrease over time. C. creates a smaller value of aggregate demand for those goods. D. creates an equal value of aggregate demand for those goods.
Gross domestic product will always increase when
a. prices rise and output falls b. prices fall and output rises c. prices fall and output falls d. prices rise and output rises e. only when prices rise, regardless of output changes
The rate of job destruction rises during
A. expansions. B. the Long Boom. C. the Great Moderation. D. recessions.
Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2
Refer to Table 33.2. If both countries specialize and trade with each other, Thailand will export ________ and China will import ________.
A. tractors; tractors B. motorcycles; tractors C. motorcycles; motorcycles D. tractors; motorcycles