The largest component of the M1 definition of the money supply is:
a. traveler's checks.
b. savings accounts.
c. money market accounts.
d. checkable deposits
d
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Refer to the information. The equilibrium GDP will be:
Answer the question on the basis of the following information for a private closed economy, where I g is gross investment, S is saving, and Y is gross domestic product (GDP).
A. $160.
B. $400.
C. $360.
D. $480.
Which of the following equations best represents the long-term real interest rate? The long-term real interest rate =
A) the short-term real interest rate + the term structure effect + the default-risk premium + the expected rate of inflation B) the short-term nominal interest rate + the term structure effect + the default-risk premium - the expected rate of inflation C) the long-term nominal interest rate + the term structure effect + the default-risk premium - the expected rate of inflation D) the short-term nominal interest rate - the term structure effect - the default-risk premium + the expected rate of inflation