Author Question: In the United States, the different categories of money supply measurement are based on: a. the ... (Read 24 times)

Davideckstein7 · **on:** Jun 30, 2018

In the United States, the different categories of money supply measurement are based on:
a. the elasticity of money.
b. the liquidity of money.
c. the amount of purchasing power.
d. the reserve requirements in the banking system.
e. the velocity of money.

Question 2

If the electronics market is experiencing a shortage in the supply of mobile phones being sold at a cost that buyers are more than willing to pay for, then:
a. the selling price is higher than the equilibrium price.
b. the equilibrium price is higher than the selling price.
c. the quantity demanded is less than the quantity supplied.
d. the shortage could be eliminated by lowering the price.