The other checkable deposits component of the M1 measure reported by the Federal Reserve includes
A) negotiable time deposits.
B) money market mutual fund shares.
C) automatic transfer from savings accounts.
D) money market deposit accounts.
C
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Which of the following are TRUE concerning the distinction between interest rates and returns?
A) The rate of return on a bond will not necessarily equal the interest rate on that bond. B) The return can be expressed as the difference between the current yield and the rate of capital gains. C) The rate of return will be greater than the interest rate when the price of the bond falls during the holding period. D) The return can be expressed as the sum of the discount yield and the rate of capital gains.
A state tax assessed specifically on cigarettes is an example of
A) an excise tax. B) a consumption tax. C) a social tax. D) a tariff.
Opportunity costs arise due to scarce resources.
Answer the following statement true (T) or false (F)
When the unemployment rate _________ the natural unemployment rate, real GDP is _________ potential GDP and the output gap is _________
A. exceeds; below; negative B. is below; below; negative C. exceeds; above; positive D. is below; above; negative