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16 Oct 2018

28) Refer to Figure 5. If the price rises from Po to P1, the change in consumer surplus is A) A. B) B plus C. C) A plus B plus C. D) D plus E. E) A plus B plus plus D plus E.

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18 Oct 2018

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The M1 measure of the money supply equals

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QUESTION 21 2.5 points Save Answer The M1 measure of the money supply equals O paper money plus coins in circulation. O currency plus checking account balances. O currency plus checking account balances plus travelers checks. O currency plus checking account balances plus travelers checks plus savings account balances. QUESTION 22 2.5 points Save Answer If a person withdraws S500 from his/her savings account and puts it in his/her checking account, then M1 will_---and M2 will_- O increase; decrease O increase; not change O not change; increase O not change; decrease O not change; not change QUESTION 23 2.5 points Save Answer If the required reserve ratio is 10 percent, an increase in bank reserves of $1,000 can support an increase in checking account deposits in the banking system (including the original deposit) of up to $100. $1,000. $10,000. $100,000

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21. M1 includes currency(both paper and coin),checking accounts,traveler's checks(of non-bank issuers),demand deposits,other checkable deposits and negotiable order of withdrawl accounts(NOW). M1 doesview the full answer

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The M1 measure of the money supply equals paper money plus coins in circulation. currency plus checking account balances. currency plus checking account balances plus traveler's checks. currency plus checking account balances plus traveler's checks plus savings account balances.

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28) Refer to Figure 5. If the price rises from Po to P1, the change in consumer surplus is A) A. B) B plus C. C) A plus B plus C. D) D plus E. E) A plus B plus plus D plus E.

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