The value of M1 was
The Economic Report of the President estimated that for 1997, the US had the following money stock components (in billions): $426 in currency; $391.7 in checking account deposits; $8.2 in travelers checks; $242.8 in other checkable deposits; $963.7 in small denomination time deposits; $1395.4 in savings accounts; $591.5 in retail money market mutual funds; $579.2 in large time deposits; $235.9 in term repurchase agreements; $139.1 in Eurodollar accounts; and $359.5 in institutional money market mutual funds.
a) $434.2
b) $825.9
c) $1068.7
d) $2454.1
e) $3417.8
c) $1068.7
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Discretionary fiscal policy is a policy that _____
a. is developed in secret b. applies to some states and not all states c. applies to only to some specific industries in an economy d. works automatically without public announcement or plan e. is an intentional change in taxation or government spending
To remain in consumer optimum
A) a price increase requires an increase in consumption. B) a price decrease requires an increase in consumption. C) a price decrease requires a decrease in consumption. D) prices must remain static.