Merchandise exports minus imports equal the
A) basic balance.
B) liquidity balance.
C) official settlements balance.
D) balance of trade.
D
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Elasticity of demand equals the ratio of the percentage change in the price of a good to the percentage change in the quantity demanded
a. True b. False Indicate whether the statement is true or false
Use the following list to answer the question about the money supply.
Items 1. Money market mutual funds held by individuals 2. Savings deposits, including money market deposit accounts 3. Money market mutual funds held by businesses 4. Currency held by the public 5. Small time deposits 6. Checkable deposits Refer to the list above. The M2 money supply is composed of items: A. 1, 2, 3, 4, 5, and 6 B. 1, 2, 4, 5, and 6 C. 1, 2, 4, and 6 D. 2, 4, 5, and 6