In defining the money supply (M1), economists exclude savings deposits because
a. the purchasing power of savings deposits is much less stable than that of checkable deposits and currency.
b. savings deposits are a form of investment and, thus, a better store of value than money.
c. savings deposits are liabilities of commercial banks, whereas checkable deposits are assets of the banks.
d. savings deposits are not generally used as a means of payment.
D
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Which of the following is NOT a leakage?
A) import of a Toyota B) export of a Cadillac C) personal saving D) indirect business taxes
From 1973 to 1995, productivity of labor in the United States
A. declined because of reduced capital formation. B. declined because of slower technological improvement. C. increased because of expanded technological improvement. D. increased because of lower gasoline prices.
Two characteristics of a modern economy are
A. barter and self-sufficiency. B. specialization and exchange. C. a low standard of living a high poverty rate. D. self-sufficient workers and very little international trade.
Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. The marginal revenue of the sixth pound of burritos is
A. $9. B. $14. C. $20. D. $84.