The M1 money supply is defined to be the sum of currency, traveler's checks, and:
a. checkable deposits.
b. Treasury bonds.
c. savings accounts.
d. large time deposits.
a
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According to Kuznets (1954), competition will
(a) unfairly destroy leading industries and impede overall economic growth across industries. (b) require government intervention. (c) push efficient industries into leadership roles and pull the backward and forward industrial links to these leaders with them. (d) contract consumer market opportunities.
Which of the following demand functions represents a price elasticity of demand equal to -0.33 and an income elasticity of demand equal to 0.8 at all points along the curve?
A) Q = 3 - 0.33P + 0.8I B) Q = 4.5 - 0.33 log(P) + 0.8I C) log(Q) = 1.34 - 0.33 log(P) + 0.8I D) log(Q) = 2.34 - 0.33 log(P) + 0.8 log(I)
The definition of M2 includes:
A. cash and checking account balances. B. hard money and savings account balances. C. cash, checking account, and savings account balances. D. cash, checking accounts, savings accounts, and other financial instruments where money is locked away for a specified period of time.
The official poverty income threshold in the United States is:
A. not adjusted for the effects of inflation. B. adjusted for inflation. C. adjusted for increases in standard of living. D. adjusted for changes in the basket of food purchased by the average family.