Author Question: M1 is a measure of A) money and includes both currency and checking deposits. B) liquidity and ... (Read 129 times)

evelyn o bentley · **on:** Jun 29, 2018

M1 is a measure of

A) money and includes both currency and checking deposits.
B) liquidity and in which the most liquid asset is money.
C) money and includes both savings deposits and currency.
D) money and includes both savings deposits and money market mutual funds.

Question 2

In the macroeconomic long run

A) real GDP is always below potential GDP.
B) there is full employment with no unemployment.
C) output always is above potential GDP.
D) there is full employment and real GDP is equal to potential GDP.