M1 includes
a. small time deposits.
b. savings deposits.
c. other checkable deposits.
d. money market mutual funds.
c
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Households and firms in the U.S. economy interact with those in the rest of the world in the ________ market and in the ________ market
A) goods; factor B) goods; financial C) government; goods D) financial; factor E) firm; government
Planned aggregate expenditure is equal to
A) consumption spending plus planned investment spending. B) consumption spending plus planned investment spending plus government purchases plus net exports. C) planned investment spending only. D) consumption spending only.
The elasticity of supply of a good that is produced in a perfectly competitive industry is close to zero
a. True b. False Indicate whether the statement is true or false
Which of the following events could account for the situation shown?
a. an increase in natural resources
b. a change in the expected price level
c. an increase in government regulations
d. a temporary decrease in an input price