Which of the following is NOT included in M1 or M2?
A) credit card balances
B) checking account balances
C) currency in circulation outside of commercial banks
D) traveler's checks
A
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In the income-expenditure framework, if planned aggregate expenditures are less than real gross domestic product (GDP), _____
a. saving will increase b. the price level will increase c. inventories will increase d. inventories will decrease e. consumption will decrease
Labor productivity measures
a. input per machine per hour b. input per laborer per hour c. output per machine per hour d. output per laborer per hour e. output per unit of land per hour
Does economic growth have any negative side effects?
A. Yes, but only for the poorest segment of a nation's population B. No. Every person in a nation experiencing economic growth will benefit. C. No, because where negative side effects do occur, a nation's government is required to neutralize them D. Quite possibly. Some say economic growth puts people on a never-ending quest to satisfy newly created wants, so we always feel disappointed with our lives.
The demand for ________ is a ?derived demand.?
A. ice cream cones on a hot day B. a hair stylist by a salon owner C. a birthday cake for your brother D. tax-free municipal bonds