Economists who prefer a broader definition of money prefer the:
a. M4 measure of the money supply to the M1 measure.
b. M2 measure of the money supply to the M1 measure.
c. M3 measure of the money supply to the M2 measure.
d. prefer the M1 measure of the money supply to the M2 measure.
b
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If Ringo is risk averse, at a wealth of $200,000 his utility of wealth curve has a ________ slope and his marginal utility of wealth is ________ than at a wealth of $100,000
A) negative; smaller B) negative; larger C) positive; smaller D) positive; larger
A disadvantage of functional finance is that it: a. does not focus on producing the potential level of output in an economy
b. increases the level of unemployment during recessions. c. allows chronic deficits that magnify into national debt, allowing it to reach an alarming level. d. requires that the budget is balanced even during times of war. e. magnifies fluctuations in the business cycle.
Two variables that are inversely related tend to move in opposite directions
a. True b. False Indicate whether the statement is true or false
The financial crises of the 1990s have conclusively proved that globalization causes financial crises
a. True b. False Indicate whether the statement is true or false