The definition of M2 includes
What will be an ideal response?
M1, savings deposits, time deposits
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A country's standard of living depends on its ability to produce goods and services
a. True b. False Indicate whether the statement is true or false
In 2011, federal government receipts were approximately
a. $4,000 per person and federal government spending was approximately $8,000 per person, resulting in a budget deficit. b. $8,000 per person and federal government spending was approximately $12,000 per person, resulting in a budget deficit. c. $12,000 per person and federal government spending was approximately $8,000 per person, resulting in a budget surplus. d. $8,000 per person and federal government spending was approximately $4,000 per person, resulting in a budget surplus.
Which is the main disadvantage of using shells as money instead of coins?
a. durability b. portability c. uniformity d. divisibility
We should expect a country that experiences volatile inflation to also have:
A. stable nominal interest rates. B. volatile real interest rates. C. volatile nominal interest rates. D. volatile real interest rates but stable nominal rates.