M1 has decreased in its usefulness in understanding inflation due to:
A. more reliance on the use of currency.
B. the increased use of checks in the economy.
C. the introduction of money market mutual fund shares and similar checking substitutes.
D. the increased use of electronic payments.
Answer: C
You might also like to view...
An oligopoly is characterized by:
a. a relatively small number of firms b. either differentiated or undifferentiated products c. actions of any individual firm will affect sales of other firms in the industry d. a and b e. a, b, and c
On-the-job experience causes labor productivity to increase through an improvement in human capital
a. True b. False Indicate whether the statement is true or false
Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index (CPI) is currently 110 . This indicates the price of the market basket of goods and services is now
a. $110. b. $1,000. c. $1,100. d. $1,225.
Nations with a command economy are known for having many entrepreneurs.
a. true b. false