M1 includes currency, checkable deposits, traveler's checks, and savings deposits
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following would likely cause aggregate demand to shift to the left?
A. Decreased income taxes B. Decreased consumer confidence C. Increased government spending D. increase in investors’ confidence.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.
An increase in consumer income will
A. shift out the budget constraint and increase the consumption of both goods, if they are normal goods. B. pivot the budget constraint on the axis with the good that has the higher price. C. shift the budget constraint and increase its slope. D. reduce consumption of all normal goods.
What is a marginal cost?
What will be an ideal response?