M2 is about four times larger than M1
Indicate whether the statement is true or false
T
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During the turmoil in the market for subprime mortgages in 2007 and 2008, the Fed increased the volume of discount loans. The goal of the Fed was to
A) reduce unemployment. B) stimulate economic growth. C) reduce the rate of inflation. D) reassure financial markets and promote financial stability. E) reduce the current account deficit.
The term "double coincidence of wants" is necessary for _________ to take place.
Fill in the blank(s) with the appropriate word(s).
Government programs that pay benefits to those who are unable to earn income because of permanent disabilities or to those who have very low incomes and dependent children are called:
A. Public assistance programs B. Social insurance programs C. Affirmative action programs D. Dependent programs
Our capital account balance in 2009 was a
A. surplus of about $500 billion. B. surplus of about $400 billion. C. deficit of about $500 billion. D. deficit of about $700 billion.