M1 includes savings accounts
a. True
b. False
Indicate whether the statement is true or false
False
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The annual inflation rate measures the percentage growth rate of
A. the CPI from one year to the next. B. the CPI from the base period 1982-84 to a given year. C. real GDP from the base period 1982-84 to a given year. D. real GDP from one year to the next.
A horizontal demand curve for a firm implies that
A) the firm is a monopoly. B) the market the firm is operating in is not competitive. C) the firm is selling in a competitive market. D) the products of that firm are very different from other firms' products.
Which statement is true?
A. Almost one-half of the world's population lives in less developed countries. B. The economies of most of the NICs are growing very slowly. C. The output of the United States today is smaller than it was in 1990. D. The U.S. education system is second to none.
In an open economy, domestic investment equals:
A. domestic saving. B. net capital inflows. C. domestic saving plus net capital outflows. D. domestic saving plus net capital inflows.