Checking account balances are included in
A) M1 only. B) M2 only.
C) both M1 and M2. D) neither M1 nor M2.
C
You might also like to view...
Which list ranks assets from most to least liquid?
a. money, bonds, cars, houses b. money, cars, houses, bonds c. bonds, money, cars, houses d. bonds, cars, money, houses
Suppose that the consumer price index at year-end 2004 was 140 and by year-end 2005 had risen to 150. What was the inflation rate during 2005?
What will be an ideal response?
Evidence suggests that education raises the earnings of the workforce mainly by
a. increasing the marginal productivity of labor. b. keeping young people out of the labor force, thereby reducing the supply of labor. c. teaching workers how to demand more pay. d. teaching people to read and write, although education beyond this point does not seem to increase worker productivity.
A decrease in the average level of prices of goods and services is
A. Inflation. B. Recession. C. Depression. D. Deflation.