Which statement is true?
A. In China today, the private sector produces no more than 10% of the country's goods and services.
B. Under communism in the Soviet Union, the private sector was almost as large as the government sector.
C. In the American economy today, the public sector is almost as large as the private sector.
D. None of the statements are true.
D. None of the statements are true.
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________ policy focuses on the nation's money supply, while ________ policy focuses on the government's budget.
A. Monetary; structural B. Monetary, fiscal C. Fiscal, monetary D. Fiscal, structural
If the federal government were to run a budget surplus, this would
a. increase the size of the national debt. b. reduce the size of the national debt. c. leave the size of the national debt unchanged. d. decrease the national debt only if the government also reduces the supply of money.
Refer to the given list. The assets that are not included in either M1 or M2 are:
Answer the question on the basis of the following list of assets: 1. Large-denominated ($100,000 and over) time deposits 2. Noncheckable savings deposits 3. Currency (coins and paper money) in circulation 4. Small-denominated (under $100,000) time deposits 5. Stock certificates 6. Checkable deposits 7. Money market deposit accounts 8. Money market mutual fund balances held by individuals 9. Money market mutual fund balances held by businesses 10. Currency held in bank vaults A. Items 1, 5, 9, and 10. B. Items 2, 5, 8, and 9. C. Items 1, 3, 5, 7, and 9. D. All of the ten items listed.
A "shock" is something that creates a shift in:
A. the supply curve only. B. both the demand curve and the supply curve at the same time. C. the demand curve only. D. either the demand curve or the supply curve.