Author Question: M1 refers to: a. Federal Reserve Notes and gold certificates. b. Currency held by the public plus ... (Read 40 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?

The average adult has about 21 square feet of skin.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

For a complete list of videos, visit our video library