According to the above table, the value of M2 is
A) $3,807 billion.
B) $5,237 billion.
C) $6,237 billion.
D) $6,253 billion.
B
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Who gains from imports? How do they gain? Who loses? How do they lose? Does the overall economy gain or lose from imports?
What will be an ideal response?
Consider a linear, upward sloping supply curve. If the supply curve shifts upward, then:
A) the price elasticity of supply will increase. B) the price elasticity of supply will increase if the slope of the supply curve is greater than one. C) the price elasticity of supply will increase if the slope of the supply curve is greater than one and the lowest price needed to induce firms to supply anything is positive. D) the price elasticity of supply will be constant. E) none of the above
In high inflation countries, inflation rates can exceed the rate of growth of money because:
A. money loses value quickly with inflation. B. high inflation increases the velocity of money. C. high rates of inflation increase the opportunity cost of holding money. D. all of the answers given are correct.
The largest single transfer program at the federal level is unemployment insurance.
Answer the following statement true (T) or false (F)