Currency held by the public$450 billionDemand deposits220 billionOther checkable deposits170 billionTraveler's checks2 billionSavings deposits800 billionSmall time deposits50 billionMoney market mutual funds170 billion
According to the information in Table 16.1, M1 is equal to:
A. $620 billion.
B. $672 billion.
C. $842 billion.
D. $1,012 billion.
Answer: C
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When a good is imported into the United States, a ________is created
A) supply of foreign currency with no effect on the market for the dollar B) demand for dollars with no effect on markets for foreign currencies C) supply of foreign currencies and a demand for dollars D) demand for foreign currencies and a supply of dollars
The beginning point of a graph (the 0,0 point) is known as
A. ground zero. B. mother lode. C. the origin. D. square one. E. the beginning.
Which of the following statements is true?
A) Optimization is an easy process, and all economic agents are perfect optimizers. B) Optimization implies choosing the best option from a set of alternatives. C) It is easier for a person to optimize when he has less information. D) People always successfully optimize given the limited information they have.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.