Which of the following is included in M1?
a. savings accounts
b. money market deposit accounts
c. money market mutual funds
d. certificates of deposit
e. None of the above are included.
e
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Robert Solow is one of the developers of
a. classical economics. b. the neoclassical growth model. c. real business cycle theory. d. new classical economics.
The desire for carrots changes as one moves down the demand curve for carrots.
Answer the following statement true (T) or false (F)
The relationship between money supply, output, and the overall level of prices is illustrated by the:
A. measure of real output. B. aggregate price level. C. neutrality of money. D. classical theory of inflation.
Which of the following has not contributed to the development of oligopolies in the U.S. economy?
A. Mergers B. Patents C. Economies of scale D. Inter industry competition