Which of the following is not included in M1?
A) retail money market mutual funds
B) checkable deposits
C) traveler's checks
D) all of the above
A
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What does the income elasticity of demand measure? How is it calculated?
What will be an ideal response?
If the marginal propensity to save (MPS) is 0.10, the value of the spending multiplier is:
a. 1. b. 9. c. 10. d. 90.
In order for a firm to face a perfectly elastic demand curve, it must
a. be a large firm selling a standardized product b. be a small producer selling a standardized product c. be a small producer; its product may or may not be standardized d. be a large producer selling a non-standardized product e. sell a standardized product, but the size of the firm is irrelevant
At which interest rate is the present value of $95.40 one year from today equal to $90 today?
a. 4 percent b. 5 percent c. 6 percent d. 7 percent