Saving account balances are included in
A. M1.
B. M2.
C. neither M1 nor M2.
D. both M1 and M2.
Answer: B
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Which of the following is a measure of economic growth that is most useful for measuring changes in the overall size of an economy?
A. decreases in the rate of unemployment B. increases in real GDP C. increases in real GDP per capita D. growth in nominal GDP
Distinguish between a command-and-control economic system and a price system
What will be an ideal response?
Increasingly, foreign aid from the United States to less-developed countries has been in the form of grants
Indicate whether the statement is true or false
As interest rates rise, banks seek to decrease their loans and, thereby, shrink the money supply
a. True b. False Indicate whether the statement is true or false