Refer to Table 9-2. In Year 1, if savings deposits had been $200 billion instead of $150 billion, M1 would have been
A) unaffected.
B) larger by $50 billion.
C) smaller by $50 billion.
D) $100 billion.
Ans: A) unaffected.
Economics
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If a payout is certain to occur, then the variance of that payout equals
A) zero. B) one. C) the expected value. D) the expected value squared.
Economics
Refer to the figures. As the economy moves from the very short run to the longer run, we would expect:
A. the representation of the economy to move from Figure A to Figure B.
B. the representation of the economy to move from Figure B to Figure A.
C. demand shocks to be eliminated.
D. the economy to gravitate to P 1
Economics