The money supply that consists of currency, transaction deposits, and traveler's checks is
A) the fiduciary monetary system. B) M1.
C) M2. D) the liquidity approach.
B
Economics
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Wage and price stickiness
A. give rise to a vertical long-run aggregate supply curve. B. give rise to a vertical short-run aggregate supply curve. C. creates a surplus or a shortage of real GDP. D. prevents the economy from producing its potential level of real GDP.
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If California were a separate nation, its economy would rank where among nations of the world?
A. Second B. Third C. Fifth D. Sixth
Economics