Small time deposits are included in
a. M1 but not M2.
b. M2 but not M1.
c. M1 and M2.
d. neither M1 nor M2.
b
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The savings rate designates:
A) the difference between household consumption and savings. B) the difference between government revenue and government expenditure. C) the rate of return households earn on their savings. D) the fraction of income that households save.
During which years did the country have a budget surplus?
A) 2008 and 2009 B) 2012 only C) 2011 only D) 2010 and 2012 E) all except 2011
The law of supply implies that the supply curve is
A) flat. B) upward sloping. C) downward sloping. D) vertical.
In order to qualify for unemployment insurance and worker's compensation, a person must have
a. paid taxes the previous year b. an employment record c. a family of four d. food stamps e. a driver's license