Based on the following information, the value of the M1 measure of the money supply is ______ and the value of the M2 measure of the money supply is ______.
Currency $20
Demand Deposits $300
Money Market Mutual Funds $800
Travelers' Checks $10
Savings Deposits $1,800
Other Checkable Deposits $200
Small Denomination Time Deposits $1,100
A) $530 billion; $3,700 billion
B) $330 billion; $4,230 billion
C) $520 billion; $4,320 billion
D) $530 billion; $4,230 billion
Answer: D) $530 billion; $4,230 billion
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A) is the same as its value of marginal product of labor curve. B) shows how many jobs the firm demands at different wage rates. C) shifts rightward when the price of the firm's output falls. D) None of the above answers are correct.
A helpful way to put government revenues into context is to think about it:
A. as an average amount paid per taxpayer. B. as a percentage of the country's GDP. C. by comparing the percentage of a country's GDP collected in taxes to other countries' percentage of GDP. D. All of these approaches can be helpful in understanding tax revenues.
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A) low government budget deficits, low current account deficits, high employment, and a high foreign exchange value of the dollar. B) a low rate of bank failures, high reserve ratios, price stability, and economic growth. C) price stability, high employment, economic growth, and stability of financial markets and institutions. D) price stability, low government budget deficits, low current account deficits, and a low rate of bank failures.