Savings accounts are included in
A. M1 and M2.
B. M2 only.
C. M1 only.
D. None of the choices are correct.
Answer: B
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In a(n) __________ insurance policy, there is no savings component
A) whole B) term C) universal D) variable
If savings does not depend upon the interest rate, then
a. the IS curve is vertical. b. the IS curve is horizontal. c. the LM curve is horizontal. d. the IS curve is still downward sloping. e. none of the above.
According to the text, success requires:
A) there is no secret formula that guarantees success. B) a visionary leader. C) a focus on quality. D) a customer-orientation. E) an emphasis on efficiency.
When a tax is imposed on a good, the
a. supply curve for the good always shifts. b. demand curve for the good always shifts. c. amount of the good that buyers are willing to buy at each price always remains unchanged. d. equilibrium quantity of the good always decreases.