Which of the following is included in M2 but not in M1?
a. demand deposits
b. corporate bonds
c. large time deposits
d. money market mutual funds
d
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Why is a dollar today more valuable than a dollar a year from now?
A) The unknown future is riskier than the known present. B) The dollar today can be immediately used to buy something. C) A dollar a year from now will likely have less purchasing power because of inflation. D) all of the above
Suppose the European Union has a Nominal GDP of 20 trillion Euros, and their GDP deflator is 125. What is the European Union’s Real GDP?
A. 25 trillion Euros B. 16 trillion Euros C. 0.16 trillion Euros
Which of the following is an exogenous variable in the Three-Sector-Model?
a. Real GDP b. GDP price index c. Required reserve ratio d. Quantity of real credit per time period e. Quantity of currency per time period
Suppose that a worker can produce 100 units of output in 7 hours. In the 8th hour, he can produce 12 units of output. The worker can produce 112 units of output in 8 hours
a. True b. False Indicate whether the statement is true or false