A major component of the money supply (M1) is:
A. checkable deposits.
B. gold certificates.
C. savings bonds.
D. savings deposits.
Answer: A
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The private sector balance is equal to ________
A) income minus consumption minus net taxes B) income minus consumption minus investment C) saving minus investment D) income minus consumption
A division of a firm is
a. a logical sub-organization of the firm b. a level within the firm in which a large degree of autonomy is vested c. a level of hierarchy within a firm that defines the scope of a manager d. all of the above
Aggregate demand:
A. Refers to the collective behavior of all buyers. B. Reflects the total quantity of output produced. C. Increases when the price level increases. D. Is influenced directly by aggregate supply.
Which of the following is not among the root causes of poverty in the United States?
(A) Disabilities (B) Underemployment (C) Size of family (D) Advanced degrees