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Item Billions of Dollars Checkable Deposits $597 Small Time Deposits 888 Currency 775 Money-Market Mutual Funds Held By Businesses 1,045 Savings Deposits 2,969 Money-Market Mutual Funds Held By Individuals 1211 Refer to the accompanying table. The size of the M1 money supply is (Enter you numeric value with no commas and no dollar signs)

True or False.  Future budget deficits are predicted due to the aging population expense its affect on decreased payroll taxes and social security and medicare taxes collection.

True or False.  Banks can go bankrupt when if the number of unexpected loan defaults is less then expected

True or False.  Bank runs involve borrowers running to the bank to pay their loans.

True or False.  Future budget deficits are predicted due to the aging population expense its affect on decreased payroll taxes and social security and medicare taxes collection.

Most real-world choices aren’t about getting all of one thing or another, instead, most choices involve _________________, which involves comparing the benefits and costs of choosing a little more or a little less of a good.

Which tool will the Fed use to decrease the money supply and deal with a problem of inflation?  Mark all that apply.

Externalities are a type of market failure because:

Which tool will the Fed use to decrease the money supply and deal with a problem of inflation?  Mark all that apply.

True or False.  State and local government spending has remained relatively stable over the last four decades.