A conversion of checking account balances into savings account balances would ____ M1 and ____ M2.
a. increase; increase

Refer to Table 3-4. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. At a price of $6, the quantity demanded in the market would be

A) 87 lbs. B) 95 lbs. C) 103 lbs D) 215 lbs.

A balanced budget is present when:

a. the economy is at full employment. b. the actual level of aggregate spending equals the planned level of spending. c. public sector spending equals private sector spending. d. government revenues equal government expenditures.