. The determinants of economic growth include all of the following except A) technological improvement. B) improvements in the quality of factors of production. C) a stable price level. D)
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13. |
The determinants of |
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A) |
technological improvement. |
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B) |
improvements in the quality of factors of production. |
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C) |
a stable price level. |
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D) |
increases in the quantity of factors of production. |
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14. |
The functions of money are |
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A) |
a conductor of economic activity, a medium of exchange, and a store of value. |
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B) |
a medium of exchange, a store of value, and a factor of production. |
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C) |
a store of value, a medium of exchange, and a determinant of investment. |
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D) |
a store of value, a unit of account, and a medium of exchange. |
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15. |
M1 includes |
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A) |
currency only. |
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B) |
currency plus checkable deposits. |
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C) |
currency in circulation plus checkable deposits. |
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D) |
currency in circulation plus checkable deposits plus traveler's checks. |
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