M1 is a
A. commodity money.
B. near money.
C. flow variable.
D. stock measure.
Answer: D
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Answer the next question using the following budget information for a hypothetical economy. Assume that all budget surpluses are used to pay down the public debt. Government SpendingTax RevenuesGDPYear 1$450$425$2,000Year 25004503,000Year 36005004,000Year 46406205,000Year 56805804,800Year 66006205,000If year 1 is the first year of this nation's existence and year 4 is the present year, the public debt as a percentage of GDP in year 4 is
A. 3.9%. B. 2.5%. C. 1.39%. D. 7.5%.
Which nations make up the G8?
What will be an ideal response?
Constrained discretion ________
A) eliminates all discretion in policymaking B) imposes an inherent discipline on consumers C) imposes an inherent discipline on policymakers but does not eliminate all flexibility D) requires policymakers follow a constant growth rate rule for money
Examples of graphs of a single variable include pie charts, bar graphs, and time-series graphs
a. True b. False Indicate whether the statement is true or false