Refer to Table 9-2. In Year 2, if the supply of money measured by M2 was $1,000 billion, then the components of M2 not shown in the table must have totaled
A) less than $250 billion.
B) $250 billion.
C) $300 billion.
D) $450 billion.
Ans: A) less than $250 billion.
You might also like to view...
Money costs and opportunity costs are concepts that are
A. not related in any meaningful way. B. used by tax accountants. C. related through the relative prices of goods and services. D. used by economists to learn the most efficient level of output.
C. stayed relatively low, due to the lack of lending by banks, reducing the effectiveness of the money multiplier.
A. import, because they are assembled in China. B. import, because they are assembled in Mexico. C. export, because they are assembled in China. D. export, because they are produced in the U.S.
It is sometime useful to view each step in the supply chain as a(n)
A) single market. B) integrated process. C) horizontal process. D) vertical process.
Oil is considered:
A. technology. B. physical capital. C. a renewable resource. D. a nonrenewable resource.