Use the following table to answer the next question.ItemBillions of DollarsCheckable deposits$597Small time deposits818Currency639Money-market mutual funds held by businesses1,045Savings deposits, including money-market deposit accounts2,866Money-market mutual funds held by individuals979The size of the M2 money supply is
A. $5,899 billion.
B. $2,696 billion.
C. $2,054 billion.
D. $6,792 billion.
Answer: A
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Suppose Clyde always eats ice cream and chocolate syrup together. If the price of syrup increases by 10 percent, and the cross elasticity of demand is -2, the demand for ice cream
A) increases by 5 percent. B) increases by 20 percent. C) decreases by 5 percent. D) decreases by 20 percent.
Which of the following is the least liquid asset?
a. checkable deposits. b. savings-type deposits. c. traveler's checks. d. demand deposits. e. cash.
Discuss the statistical evidence concerning the efficient markets hypothesis
To say that a given welfare program is means-tested implies that:
A. in order to qualify, one must have the means. B. the size of the payment reflects the mean value of consumption based on family size. C. the more income one earns, the smaller the size of the benefit. D. in order to qualify, one must show that one means to find a job.