The largest portion of the M1 money supply consists of
A. coins in circulation.
B. paper currency in circulation.
C. savings deposits at credit unions.
D. checkable deposits.
Answer: D
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One example of a Phillips Curve would be a
A) positive relationship between deviations from trend in real and nominal interest rates. B) negative relationship between deviations from trend in real and nominal interest rates. C) positive relationship between deviations from trend in the level of prices and the level of aggregate economic activity. D) negative relationship between deviations from trend in the level of prices and the level of aggregate economic activity.
Whenever technology advances, an economy can produce more output with
A. Current resources. B. No resources. C. Fewer resources. D. More resources.
Christopher needs to hire an accountant but does NOT know how to find a good one. The accountant can best be regarded as a(n)
A. experience good. B. credence good. C. inferior good. D. search good.
If the U.S. interest rate differential decreases, then in the foreign exchange market the
A) demand for dollars increases. B) quantity supplied of dollars decreases. C) supply of dollars increases. D) quantity supplied of dollars increases. E) supply of dollars decreases.