Typically the largest component of the narrowly-defined money stock in the United States, known officially as M1, is
A) commercial bank reserves.
B) currency in commercial bank vaults or the hands of the public.
C) demand deposits and savings deposits in commercial banks.
D) checking account deposits.
E) gold, silver, coins, and paper currency.
D
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If voters do not have single-peaked preferences then a cyclical majority will arise
a. True b. False
Answer the following statement true (T) or false (F)
1) A British thermal unit is the amount of energy required to raise the temperature of one liter of water by one degree Celsius. 2) The average person in the United States generates about 10 pounds of trash per day. 3) The United States produces more than twice as much output per million BTUs of energy consumed than it did in 1950. 4) Increases in U.S. living standards have matched increases in per capita energy use.