According to the economic way of thinking,
A) the private sector is more important than the public sector.
B) the public sector is more important than the private sector.
C) the public sector cannot be adequately studied using economic theory.
D) people in society strive to advance the projects they are interested in, and they will advance their interests through market institutions or the institutions of government.
D
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Are outstanding credit card balances counted as part of the money supply?
a. Yes; they are used to purchase things, and therefore, they are included in the money supply figures. b. No; money is an asset, while the credit card balances are a liability. Thus, they are not included in the money supply figures. c. Partly; credit card balances of $100 or less are included in the M1 money supply, but the money supply figures do not include balances in excess of $100. d. Partly; credit card balances are included in the M1 money supply, but not the M2 money supply.
If M2 is four times larger than M1, the velocity of M1 should be:
A. one-fourth of the velocity of M2. B. equal to four. C. four times larger than the velocity of M2. D. equal to the velocity of M2.