Transactions account balances are included in
A. M2 only.
B. Both M1 and M2.
C. M1 only.
D. None of the choices are correct.
Answer: B
Economics
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Using the data in the above table, in the short-run macroeconomic equilibrium, the price level is ________ and the level of real GDP is ________
A) 105; $10 trillion B) 110; $10 trillion C) 110; $11 trillion D) 115; $10 trillion
Economics
Using the data in the above table, in the short-run macroeconomic equilibrium, there is
A) an inflationary gap of $1 trillion. B) an inflationary gap of $2 trillion. C) a recessionary gap of $1 trillion. D) a recessionary gap of $2 trillion.
Economics