Which of the following is NOT included in the MZM definition of money?
A. small-denomination time deposits.
B. currency.
C. travelers checks.
D. money market funds.
Answer: A
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Suppose the Fed is successfully maintaining full employment in the economy. If businesses become pessimistic, we would predict ________.
A. the aggregate supply will shift to the left B. there will be a move upward along the investment demand curve C. the Fed will have to increase the money supply D. the unemployment rate will fall
When GDP = $2.5 trillion, C = $1.0 trillion, I = $0.6 trillion, G = $0.4 trillion, and NX = $0. Then
A) unplanned inventory change = -$0.5 trillion. B) equilibrium expenditure = $2.0 trillion. C) aggregate planned expenditure = $1.6 trillion. D) unplanned inventory change = $0.5 trillion. E) aggregate planned expenditure = $2.5 trillion.
The European Union crisis was caused by:
a. Too little state spending b. The fact that all EU members are on the euro c. industrial planning d. excessive government spending by weak economies e. all of the above
Faced with increasing outflows of gold in the late 1960s and early 1970s, the United States
A. decreased the dollar price of gold. B. used contractionary fiscal policies to rid the nation of deficits. C. suspended the convertibility of dollars into gold. D. encouraged other countries to increase their domestic interest rates.