A principal disadvantage of conventional checking accounts compared to money market mutual funds is that checking accounts
a. are less liquid.
b. often do not pay interest.
c. cannot be used as a store of value.
d. are not insured by deposit insurance.
b
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Skills, talents, and abilities that people possess can be categorized best as:
a. Human resources b. Tangible resources c. Capital resources d. Financial resources
Keynesians:
a. accept the countercyclical policy of doing nothing, that is, allowing market forces to work. b. believe that the level of aggregate demand in the 1930s was sufficient to generate full employment. c. accept the fact that policymakers should eliminate inflation first before focusing on unemployment. d. focus on increasing aggregate demand in order to stimulate the economy. e. were prepared for the events that beset our economy in the 1970s and 1980s.