The value of M2 was
The Economic Report of the President estimated that for 1997, the US had the following money stock components (in billions): $426 in currency; $391.7 in checking account deposits; $8.2 in travelers checks; $242.8 in other checkable deposits; $963.7 in small denomination time deposits; $1395.4 in savings accounts; $591.5 in retail money market mutual funds; $579.2 in large time deposits; $235.9 in term repurchase agreements; $139.1 in Eurodollar accounts; and $359.5 in institutional money market mutual funds.
a) $2454.1
b) $3417.8
c) $4019.3
d) $4958.0
e) $5333.0
c) $4019.3
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Suppose that a dollar buys 120 yen. If a VCR sells for 18,600 yen in Japan, the price of the VCR in dollars is ________
A) $186.00 B) $223.20 C) $120.00 D) $155.00
The Consumer Price Index includes the prices of only those goods
a. purchased by consumers b. purchased by consumers and produced in the United States c. that are brand new and purchased by consumers d. purchased by consumers and government e. purchased by consumers, government and firms
If there is a large and sudden but temporary increase in the price of oil, which way does the short-run Phillips curve shift? If the central bank does not respond what happens to inflation and the unemployment rate in the long run?
More education and training usually lead to higher levels of
A. productivity. B. population. C. pollution. D. import protectionism.