A method of measuring the money supply by looking at money as a temporary store of value is the
A. transactions approach.
B. liquidity approach.
C. fiduciary monetary system.
D. capital control.
Answer: B
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How much total economic surplus would have been lost if the bread subsidy, as illustrated in Example 7.7, had been set at $0.50 per loaf instead of $1.00?
Supply-side economists believe that changes in government purchases affect
a. only aggregate demand. b. only aggregate supply. c. both aggregate demand and aggregate supply. d. neither aggregate demand nor aggregate supply.
In which of the following cases did the government successfully block a merger?
A. Staples and Office Depot B. Interstate Bakeries and Continental Bakery C. AT&T and Verizon D. Standard Oil and Mobil
Empirical research seems to verify that:
A. the rate of inflation seems to vary directly with the amount of central bank independence. B. countries that have high rates of inflation seem to have central banks with low levels of independence. C. there is no relationship between the independence of central banks and rates of inflation. D. countries that have less independent central banks experience lower rates of inflation.