Moving from left to right, a U-shaped curve starts with a
A) negative slope, reaches a minimum, then ends with a positive slope.
B) negative slope, reaches a minimum, then ends with a negative slope.
C) positive slope, reaches a maximum, then ends with a negative slope.
D) negative slope, reaches a maximum, then ends with a positive slope.
E) positive slope, reaches a minimum, then ends with a negative slope.
A
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If currency outside of banks is $800 billion; traveler's checks are $10 billion; checkable deposits owned by individuals and businesses are $700 billion; savings deposits are $4,000 billion; small time deposits are $1,000 billion; and money market
funds and other deposits are $800 billion, then M2 equals ________ billion. A) $7,310 B) $5,800 C) $710 D) $2,510 E) $1,510
If the dollar appreciates relative to the Yen, it can be said that
a. Japanese citizens respect the United States more. b. the dollar increases in value within the United States. c. the Yen depreciates relative to the dollar. d. it takes more dollars to buy Yen.