Which of the following is included in M2?
A. commercial paper
B. savings accounts
C. U.S. Treasury bonds
D. stocks
Answer: B
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Refer to the scenario above. What is the difference between the future value of John's deposit and Wendy's deposit after one year?
A) $10 B) $40 C) $60 D) $100
Scarcity has no importance to understanding economics
a. True b. False Indicate whether the statement is true or false
When interest rates decrease, banks will normally
a. increase lending, but decrease deposits and the money supply. b. increase lending, deposits, and the money supply. c. decrease lending, but increase deposits and the money supply. d. decrease lending, deposits, and the money supply.
Goods and services that are used up in the production of other goods and services are called ________ goods and services.
A. value added B. final C. nominal D. intermediate