The narrow definition of the money supply includes only currency held by the nonbanking public
a. True
b. False
Indicate whether the statement is true or false
False
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Investment spending tends to be
A) anticyclical. B) a periodic variable. C) unrelated to GDP. D) procyclical.
Paper bills of different denominations ($1, $2, $5, $10, etc.) generally have an equal average life of circulation within the U.S. economy
Indicate whether the statement is true or false
Frequent substantial fluctuations in the exchange rate can ____________ international trade with an economy.
a. disrupt b. stabilize c. support d. encourage
The British economist A. C. Pigou
a. wrote The Economics of Welfare in 1911. b. offered an explanation of the market economy's poor environmental performance. c. outlined an approach to environmental policy still in favor with economists today. d. All of the above are correct.