Going from M0 to M1 and to M2, what is the principle?
A) from household money demand to firm money demand
B) from illiquid to liquid
C) from most usable to least usable for transaction purposes
D) from most usable to least usable as a store of value
C
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Which of these is one of the major reasons for rapid increases in health care spending in the United States?
A. A decrease in the number of malpractices among doctors. B. Advances in medical technology and new prescription drugs are higher cost. C. There are high rates of labor productivity growth in health care.
The New Keynesian model, is Keynesian in that ________
A) it assumes wages and prices are sticky B) changes in the money supply are taken to be the single most important influence on business movements C) the velocity of money is a constant D) expectations are assumed to be rational
M1 refers to:
a. the most narrowly defined money supply definition. b. currency held by the public plus checking account balances. c. the smallest of the money-supply definitions. d. all of these.
The currency of the United States is
a. backed dollar for dollar by gold b. backed dollar for dollar by GDP (that is, by goods) c. not backed by anything (neither gold nor fool's gold) d. backed by the government's currency reserves in the vaults at Fort Knox e. backed by gold only for coin, not for paper bills