Which of the following is not included in the M1 money stock?
a. money market funds
b. demand deposits
c. checking account deposits
d. travelers' checks
e. cash in the hands of the public
A
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Everything else held constant, an increase in the time deposit ratio will mean ________ in the M2 money multiplier and ________ in the M2 money supply
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
A demand relationship in which a given percentage change in price will result in a less than proportionate percentage change in quantity demanded is
A) elastic. B) unit-elastic. C) inelastic. D) consistent with zero elasticity.
An increase in U.S. sales of movies to other countries raises U.S
a. exports and so raises the U.S. trade balance. b. exports and so reduces the U.S. trade balance. c. imports and so raises the U.S. trade balance. d. imports and so reduces the U.S. trade balance.
One In the News article is titled "CBO's Flawed Forecasts." According to the text, the CBO's forecasts typically miss the actual budget balance in the fifth year by
A. 4 percent of GDP. B. 2 percent of GDP. C. 1 percent of GDP. D. 3 percent of GDP.