A checkable account
A) is a very illiquid asset.
B) is one on which the holder can write checks.
C) must be traded on the stock exchange.
D) cannot serve as a store of value.
B
You might also like to view...
Economics is the study of how ________ manages its ________ resources to satisfy its wants
A) society; unlimited B) society; scarce C) a household; unlimited D) a household; scarce
According to monetarists
A. changes in the money supply are the primary cause of changes in real output and the price level. B. an expansionary fiscal policy will lower interest rates and thereby tend to over-stimulate the economy. C. changes in the velocity of money are more important than changes in the money supply in causing the level of economic activity to change. D. the supply of money changes in response to changes in the levels of real output and prices.
A recessionary gap can be closed with
A) using a contractionary monetary policy. B) an increase in taxes. C) a decrease in government purchases. D) using an expansionary fiscal policy.
The existence of union wages, efficiency wages, and the minimum wage
A) raises the real wage rate above the equilibrium wage rate and raises the natural unemployment rate. B) lowers the real wage rate below the equilibrium wage rate and creates a shortage of labor. C) raises the real wage rate above the equilibrium wage rate and creates a shortage of labor. D) raises the real wage rate above the equilibrium wage rate and lowers the natural unemployment rate. E) does not have an impact on the equilibrium wage rate or on the amount of unemployment.