The M1 definition of the money supply includes currency,
a. checkable deposits, and savings accounts.
b. checkable deposits, and credit cards.
c. checkable deposits, and debit cards.
d. and checkable deposits.
d
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________ increases households' saving
A) A decrease in the real interest rate B) A tax cut that increases disposable income C) Higher expected future income D) A stock market boom that increases the purchasing power of households' wealth
A positive externality causes
A) the marginal social benefit to be less than the marginal private cost of the last unit produced. B) the marginal private benefit to exceed the marginal social cost of the last unit produced. C) the marginal social benefit to exceed the marginal private cost of the last unit produced. D) the marginal social benefit to be equal to the marginal private cost of the last unit produced.
If the money multiplier is 10, the sale of $1 billion of securities by the Fed on the open market causes a
A) $10 billion decrease in the money supply. B) $1 billion decrease in the money supply. C) $1 billion increase in the money supply. D) $10 billion increase in the money supply.
A market
A. may be an organized exchange. B. refers to a set of sellers and buyers whose actions affect a commodity’s price. C. is that area in which buyers and sellers compete to affect a product’s price. D. All of the responses are correct.