Which of the following is TRUE of M2?
A) It is larger than M1.
B) It excludes savings deposits.
C) It does not include highly liquid components of the money supply.
D) It is less than M1.
A
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Which of the following schools of thought stressed on a fixed-price model for macroeconomic equilibrium?
a. Traditional Keynesians b. New Keynesians c. Monetarists d. Classical economists e. New classical economists
Investment includes spending on
A. capital goods, buildings, and changes in business savings. B. capital goods, consumer durable goods, and changes in business inventories. C. capital goods, buildings, and consumer durable goods. D. capital goods, buildings, and changes in business inventories.
When the dollar price of a British pound is $0.75, it is correct to state that an American traveling in England will receive ________ pounds per dollar.
A. 1.33 B. 0.75 C. 75 D. 1.25
In a fully-funded social security program
A) the young pay for the benefits of the old. B) the young are forced to save for their own retirement. C) the young have to buy bonds for the old. D) the young are forced to save for the retirement of the old.