Which of the following items is included when computing M1?
a. All of the answers are correct.
b. Coins in circulation.
c. Checking accounting entries.
d. Currency in circulation.
a
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The primary means of achieving long-run economic growth is:
A. increased capacity utilization, which is represented by a movement from a point inside the production possibilities curve to a point on the curve. B. movement from an undesirable point on a given production possibilities curve to a more desirable point on a given production possibilities curve. C. an emphasis on macroeconomic stabilization. D. represented by changes in a nation's productive capacity, represented by an outward shift of the production possibilities curve.
Which of the following events will cause the interest rate to increase?
A) an open market sale of bonds B) an increase in the reserve deposit ratio (i.e., ?) C) an increase in income D) all of the above
The cross-price elasticity of demand between good X and good Y is -0.8. Given this information, which of the following statements is true?
A. Goods X and Y are complements. B. The demand for goods X and Y is elastic. C. Goods X and Y are substitutes. D. The demand for goods X and Y is income elastic.
An asset's liquidity refers to its ability to be:
A. Bought and stored B. Increasing in value over time C. Used and enjoyed D. A means of payment