Author Question: M1 refers to: a. Federal Reserve Notes and gold certificates. b. Currency held by the public plus ... (Read 81 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
M1 refers to:
 a. Federal Reserve Notes and gold certificates.
  b. Currency held by the public plus checking account balances.
  c. The largest of the money-supply definitions.
  d. None of these.

Question 2

A strength of the market economy is that:
 a. it results in an equal distribution of wealth.
  b. resources are used efficiently.
  c. planners rather than consumers determine answers to the basic economic questions.
  d. information for production and distribution decisions passes directly from the government to buyers.



smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

b

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

For a complete list of videos, visit our video library