The narrowest money measure is
A) currency plus non-interest bearing checking accounts.
B) currency plus all checking accounts.
C) currency plus all deposits at financial institutions.
D) definitive money.
B
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The largest component of GDP is
A) gross private domestic investment. B) personal consumption expenditures. C) net exports of goods and services. D) government expenditure on goods and services.
The wage gap between skilled and unskilled worker has
a. risen; some economists argue that this is partly due to increased international trade. b. risen; some economists argue that this is partly due to decreased international trade. c. fallen; some economists argue that this is partly due to increased international trade. d. fallen; some economists argue that this is partly due to decreased international trade.
According to the law of supply, the higher the price the greater the quantity supplied
Indicate whether the statement is true or false
The first bankers were
A) sheriffs. B) goldsmiths. C) clergy. D) innkeepers. E) economists.