Which of the following is not a component of M1 money supply?
a. Currency
b. Traveler's checks
c. Savings accounts
d. Demand deposits
c
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The aggregate demand curve in the figure above shifts rightward if
A) potential GDP increases. B) the money wage rate falls. C) taxes are raised. D) government expenditure increases. E) the Federal Reserve raises the interest rate.
A firm's market constraints include the conditions under which it can
A) convert inputs into outputs. B) buy its inputs and sell its outputs. C) issue stock. D) produce the inputs to production.
If Jen earns $80,000 a year and pays $16,000 in taxes, and Gary earns $100,000 a year and pays $16,000 a year in taxes, the tax system must be:
A. flat. B. proportional. C. progressive. D. lump-sum.
According to George Stigler, the monopolist is distinguished from other entrepreneurs because of his or her
a. motivation b. market position c. profit objective d. strategy e. morality