The monetary base:
a. Includes currency in circulation, checking accounts, and near money.
b. Includes currency in circulation, checking accounts, and near money.
c. Includes currency in circulation, cash in the vaults of financial intermediaries (e.g., banks), and deposits of financial intermediaries at the central bank.
d. Is equal to currency in circulation.
e. Includes all liquid assets in a nation that can be spent
.C
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China's government runs a budget surplus. As a result,
A) saving will exceed investment. B) if there is no Ricardo-Barro effect, the supply of loanable funds curve lies to the right of the private supply of loanable funds curve. C) the quantity of loanable funds decreases. D) interest rates should increase. E) the Ricardo-Barro effect predicts that the real interest rate will increase.
Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, which is France's most likely future PPF?
A) PPF2 B) PPF1 C) PPF0 D) either PPF0 or PPF1 E) None of the above because economic growth will not happen in India.