Which measure of money would we most likely use if we were interested in looking at spending in the economy?
A. Hard money
B. M1
C. M2
D. Reserves.
B. M1
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Since 2008, the U.S. labor force participation rate for men has ________ and for women has ________
A) gone up; gone up B) gone down; gone up C) been flat; gone down D) been flat; been flat E) gone down; gone down
A university should not disband its football team if it has already paid for the stadium
a. True b. False
The slope of the total variable cost curve gives the average cost of production
Indicate whether the statement is true or false
In the short-run macro model, if GDP = $5 trillion and aggregate expenditure = $4.6 trillion, we would expect
a. prices to fall until the additional $0.4 trillion of output was sold b. prices to rise c. output to rise because businesses anticipate that buyers will spend more in the future to compensate for weak spending in this period d. inventories to rise by $0.4 trillion e. inventories to shrink by $0.4 trillion