Monetary aggregates are
A) measures of the money supply reported by the Federal Reserve.
B) measures of the wealth of individuals.
C) never redefined since "money" never changes.
D) reported by the Treasury Department annually.
A
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The longer the time period that suppliers have to adjust to price changes, the
A) greater will be the price elasticity of supply. B) lower will be the price elasticity of supply. C) lower will be the price elasticity of demand. D) greater will be the price elasticity of demand.
Keynesians tend to not believe in the stability of free markets
Indicate whether the statement is true or false
How much investment carried out by an individual business firm depends upon its MRP and the _____________.
Fill in the blank(s) with the appropriate word(s).
If the velocity of money is 5, then each dollar must have exchanged hands on average 5 times per ______.
a. day b. week c. month d. year