Which approach to measuring money focuses on the value of currency, transaction deposits, and travelers checks?
A. M2
B. the transactions approach
C. the liquidity approach
D. near moneys
Answer: B
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Production efficiency occurs when production ________
A) is at a point beyond the production possibilities frontier B) is on the production possibilities frontier or inside it C) is at any attainable point D) is on the production possibilities frontier
If an individual uses money from a demand deposit account to purchase a U.S. savings bond
A) M1 decreases and M2 stays the same. B) M1 stays the same and M2 increases. C) M1 stays the same and M2 stays the same. D) M1 decreases and M2 decreases.
_____ is when the total amount of taxes collected as a result of a tax reform is unchanged
a. Revenue enhancing tax reform b. Revenue neutral tax reform c. Comprehensive constant tax reform d. Comprehensive tax reform
Which of the following is most accurate about the economic conditions in the 1920s?
a. The large increases in demand for products generated significant cyclical unemployment. b. There was a significant decrease in the number of hours worked per week. c. Agriculture was the leading growth sector of the economy. d. The net migration pattern was from urban to rural.