Based on the data in the table above, what is the value of M1?
A) $2,950 billion
B) $1,361 billion
C) $752 billion
D) $609 billion
B
You might also like to view...
A student who just graduated from college during an economic expansion but has yet to find a job would most likely be
A) structurally unemployed. B) frictionally unemployed. C) cyclically unemployed. D) seasonally unemployed.
When tastes are not quasilinear, the positive economist will introduce error into the analysis if he uses the uncompensated (rather than the compensated) demand curve to predict behavior.
Answer the following statement true (T) or false (F)
An expansion occurs when the level of real GDP is
A) increasing. B) decreasing. C) at a cyclical peak. D) at a cyclical trough.
Do economists analyze people's thought processes or do they look at what people actually do?
A. Macroeconomists focus on thought processes while microeconomists focus on actions. B. Economists focus on what people do, not their thought processes. C. Economists focus only on people's thought processes. D. An economist's focus is about half-and-half between actions and thought processes.