Cash is included in m2
a. true
b. false
Ans: a. true
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Which of the following generation categories has the largest population in the United States in 2015?
A) the baby boomers B) generation X C) the centenarians D) the millennials
According to the classical view,
a. velocity is constant, which means changes in price will cause changes in price or quantity. b. quantity is constant, which means changes in the money supply could cause either changes in velocity or changes in prices. c. velocity and price are constant so that changes in the money supply causes changes in quantity. d. velocity and quantity are constant so that changes in the money supply cause changes in prices. e. velocity is constant while quantity is variable so that changes in the money supply change both price and quantity.
The Federal Open Market Committee
a. operates with almost complete discretion over monetary policy. b. is required to increase the money supply by a given growth rate each year. c. is required to keep short-term interest rates within a range set by Congress. d. is required by its charter to change the money supply using a complex formula that concerns the tradeoff between inflation and unemployment.
The share of GDP taken by taxes is considerably higher in the United States than in other countries.
Answer the following statement true (T) or false (F)