Demand deposits are essentially
A. coins and currency.
B. based on gold deposits with the Fed.
C. checkable deposits.
D. not legally required to be available sooner than 30 days after a check is presented to a bank.
C. checkable deposits.
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Use the following diagram to answer the next question.
Assume the economy is initially at the full employment level of real GDP. A decrease in net exports will ________.
A. reduce the full employment level of real GDP B. reduce output in the economy C. raise the price level D. reduce the unemployment rate
Which of the following price indices comes closest to measuring the cost of living of the typical household?
A) GDP deflator B) consumer price index C) producer price index D) household price index
What are some differences between a command economy and a market economy?
What will be an ideal response?
The household saving rate as measured by the Flow of Funds Accounts does NOT include
A) capital gains on stocks, bonds, houses, and other assets. B) net investment in consumer durables. C) household accumulations in government pensions. D) All of the above.